ATTENTION INVESTORS
I-30 EXIT 91/SOCIAL HILL
8 AC R.V. PARK ADJOINING EXIT RAMP W/FRONTAGE ON MIDWAY ROAD
REAL ESTATE
AUCTION
THURSDAY, JUNE 9, 2011 @ 12:00 NOON
LOCATION: 8089 Midway Rd, Malvern, AR @ east side of I-30 Social Hill Exit.
If you are in the market for a piece of prime real estate with access from busy I-30, this could be it. It is nearly 8 acres of open, well-drained land that has been laid out for a 15 space R.V. Park. A commercial water meter w/2" line is installed, and the electric boxes and risers are in place (wire needs to be run to each space). There is a septic system w/dump box that has been installed and approved by the Health Department. There is plenty of room to add more spaces. This could be a booming business for the right person, or it could be converted into a mobile home park, or whatever your vision for this property may be. It is one of the only exits on I-30 with property that you still have a chance to buy.
TERMS: $10,000 down day of auction, balance due at closing in 30 days. A 10% buyer’s premium will be added to the final bid to determine contract price. See website for more info and pictures, or drive by anytime - info packets available on site. Contact our office toll free at 888-384-4484.
QUESTIONS AND ANSWERS
I-30 SOCIAL HILL EXIT, MALVERN, AR
REAL ESTATE WILL BE OFFERED AT 12:00 NOON
1. Q. What is the size of the property?
A. This property is 7.76 acres.
2. Q. What is the legal description for this property?
A. Part of the 34-04S-18W.
3. Q. What are the total real estate taxes?
A. 2010 taxes were approximately $11.44.
4. Q. Do you offer any warranties or guarantees on this real estate?
A. Owner will guarantee you good, clear title by providing title insurance and warranty deed. Other than that, the property sells "as is, where is."
5. Q. Is there any special financing offered?
A. No, this is a cash sale. We will require $10,000.00 earnest money day of auction. Balance due at closing on or before 30 days. If you need to obtain financing, this should be done prior to the auction. If you can not get the balance needed by closing, you will lose your earnest money.
6. Q. What will be the Buyer’s closing costs?
A. Buyer will pay ½ of closing fee plus $3.30 per thousand for stamps (State Transfer Tax), and $20.00 to record the deed.
7. Q. Is there a Buyer’s Premium and what is it?
A. Yes, a 10% Buyer’s Premium will be added to the bid price to determine the total contract price.
Auctioneer’s Note: This property is conveniently located by I-30 at the Social Hill Exit (#91). With a little work, this RV park could be up and going, or be used as any type of property you choose. For a fee, the State Highway Department will erect signage along the interstate for your business.
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