| PRIME COMMERCIAL BUILDING DOWNTOWN LITTLE ROCK ARKANSAS AT REAL ESTATE AUCTION THURSDAY SEPTEMBER 16, 2010 STARTS AT 10 AM SHARP 1111 WEST THIRD ST LITTLE ROCK, ARKANSAS 72201 OFFERED AT AUCTION BY MOTIVATED SELLER, SUBJECT TO CONFIRMATION THIS FABULOUS HISTORICAL ART DECO BUILDING BUILT IN 1922 CONSISTS OF 15,000 SF M/L, LOCATED ON 22,500 SF OF LAND AND HAS OVER 25 PARKING PLACES, A GRAND SHOW ROOM OF NEAR 8,000 SF, A LOWER LEVEL BELOW STREET SURFACE OF 3,000 SF, A WAREHOUSE AREA OF APPROX 3,000 SF AND A UPPER LEVEL OF NEAR 1,000 SF. THIS BUILDING HAS HEAT & AIR, 2 REST ROOMS AND A BEAUTIFUL MAIN SHOW ROOM WITH ALL PINE CEILINGS, SOLID BRICK FLOORS, OVERHEAD CEILING FANS WITH LIGHTS, LARGE WINDOWS AND MORE. CURRENTLY BEING USED AS A ESTATE CENTER, HOLDING LIVE ESTATE SALES MONTLY. THE BUILDING IS WIRED TO HANDLE MOST ANYTHING YOU COULD WANT AND HAS THE MAXIMUM ZONING FOR URBAN USE. IDEAL FOR DOCTOR'S OFFICE, CLINICS, LAWYERS, DAY CARE, CALL CENTER, RESTAURANTS AND MORE, LOCATED IN THE HEART OF LITTLE ROCK, JUST BLOCKS FROM THE STATE CAPITOL, FEDERAL BUILDING, DOWNTOWN AND 5 MINUTES TO THE CLINTON LIBRARY. ALSO INCLUDED IS ONE AND TWO THIRDS CITY LOTS (12,500 SF) OF LAND ADJACENT TO THE BUILDING, ALL ON A MAIN EAST WEST THROUGH FARE - WEST 3RD ST. ALL TAX CREDITS ARE INTACT AND AVAILABLE, NEVER USED BY OUR CLIENT. IF YOU ARE LOOKING FOR COMMERCIAL PROPERTY IN LITTLE ROCK, YOU WILL NOT FIND ANYTHING BETTER THAT THIS! THE BUILDING PROPERTY WILL BE OFFERED, THEN THE CITY LOTS, THEN BOTH COMBINED TO DETERMINE THE MAXIMUM BID PRICE. SPECIAL AUCTIONEER'S NOTE: CONDOS IN THIS AREA ARE SELLING FOR 175.00 TO OVER 200.00 PER SQ. FT. IF AN ADDITIONAL FLOOR WAS ADDED OVER THE WAREHOUSE AREA YOU COULD SEE THE ARKANSAS RIVER. SO WITH 15,000 SQ. FT. TO WORK WITH, SOMEONE COULD HAVE THE LARGEST CONDO IN LR AT A MUCH CHEAPER PRICE THAN THE CURRENT ASKING PRICE OF CONDOS BEING OFFERED NOW. THIS PROPERTY OFFERS NOT ONLY THE WAREHOUSE LOOK WITH EXPOSED BRICK WALLS BOTH INSIDE AS WELL AS OUT, BUT TILE-BRICK FLOORS, A WEATHERED ANTIQUE CEILING YOU WILL NOT FIND ANYWHERE ELSE IN LITTLE ROCK WITH EXPOSED STEEL BRIDGE BEAMS. A PRIVATE PARKING AREA, ALONG WITH A GREEN AREA JUST NEXT DOOR. THIS IS SOMETHING TO THINK ABOUT SHOULD YOU BE LOOKING TO LIVE IN THE RIVER MARKET AREA, THE CLINTON LIBRARY IS JUST 4 OR 5 MINUTES DOWNTOWN ON SAME STREET, THE RIVER MARKET IS JUST 3 MINUTES ALSO DOWN 3RD STREET, THE FEDERAL BUILDING IS ONLY 5 BLOCKS, THE STATE CAPITOL IS ABOUT 5 BLOCKS, IT IS NEAR ALL BANKS AND THE DOWNTOWN BUSINESS CENTRAL. DON'T MISS THIS OPPORTUNITY TO OWN THIS HISTORICAL BUILDING! SHOWN BY APPOINTMENT ONLY TERMS: A 5% BUYER'S PREMIUM WILL BE ADDED TO THE FINAL BID TO DETERMINE THE CONTRACT PRICE, IF YOUR OFFER IS ACCEPTED, 25,000.00 CASHIER'S CHECK DOWN IN ERNEST MONEY DOWN DAY OF THE SALE, CLOSING WITHIN 30 DAYS, THIS IS A CASH SALE, NO FINANCING OFFERED BY SELLER OR AUCTIONEERS, HAVE YOUR FINANCING IN PLACE BEFORE BIDDING, BUILDING OFFERED AS IS. IMPORTANT NOTICE: YOU MUST HAVE A 25,000.00 CASHIER'S CHECK PAYALBE TO PUCKETT AUCTIONEERS & A PHOTO ID TO REGISTER TO BID AT THIS AUCTION, IF YOUR OFFER IS NOT ACCEPTED YOUR CASHIER'S CHECK WILL BE RETURNED TO YOU. BROKER PARTICIPATION ENCOURAGED, BROKERS MUST REGISTER THEIR BUYER WITH AUCTIONEERS 48 HOURS BEFORE AUCTION. PUCKETT & COMPANY - AUCTIONEERS AALB 1199 GARY PUCKETT - REAL ESTATE AUCTIONEER - PRINCIPAL BROKER 501-945-4323 |
