Live Webcast Auction
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Price Realized:
75,500.00 USD
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Price Realized 75,500.00 USD
Date Sold 2024-04-13T00:00:00
Date(s)
3/18/2024 - 4/13/2024
AUCTIONEER INFORMATION
Bidding Notice:

LIVE on LOCATION with ONLINE BIDDING *** Saturday, April 13th 2024 at 10AM *** PLEASE READ ALL TERMS AND CONDITIONS BEFORE YOU BID!!!

Auction Notice:

The Real Estate will be a LIVE and ONLINE for those are not able to attend the Live On Site Auction. ** We encourage bidders to enter a MAX BID then let the software bid on your behalf during the live auction >>> This suggestion is due to the possibility of a slow internet connections time to time from our Hot Spot. Normally everything runs smoothly, we don’t want to miss your bid.


Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead Commercial Real Estate Auction
Description
CAUTION!!!!! PLEASE READ ALL TERMS AND CONDITIONS BEFORE YOU BID. Commercial Real Estate AUCTION Formally Gayle's Restaurant 1/2 mile± from Lake Greeson. Saturday, April 13th at 11AM Live Onsite Auction with (Online Bidding) 3974 Hwy. 70 West Kirby, AR 71950  (Daisy) Any or all information about this Auction is subject to change. Offers Made Prior to Auction are welcome!! Join our email list on FowlerAuctioneers.com for updates on this property and upcoming Auctions and Listings. AUCTIONEERS NOTE:  Real Estate will be a LIVE and ONLINE for those are not able to attend the Live On Site Auction. We encourage bidders to enter a MAX BID then let the software bid on your behalf during the live auction >>> This suggestion is due to the possibility of a slow internet connections time to time from our Hot Spot. Normally everything runs smoothly, we don’t want to miss your bid. Real Estate Description:  LOCATION LOCATION LOCATION !!  Property is located just a mile from Lake Greeson!! This building consist of 2988+/- SF situated on 1.75+/- acres with plenty of room for expansion along High Traffic HWY. 70 W Frontage (approx. 300+/- feet) . The property has a Well, Rural Water Available, Electric, and Septic System with Grease Trap. This property was formally "Gayle's Restaurant" The building is now ready for your ideas and plans! Endless possibilities await, Restaurant, LS, Boat/RV Storage, Rental, Investment in a Excellent Location. Taxes:  Approx. $809+/- per year Closing Agent: Proland Title - Hot Springs, AR  - 501-762-0159 County:  Pike School District: Kirby Please contact our office with any questions, Auctioneer/Broker: Nick D. Fowler, AALB Lc.#162 – PB00060028    870-356-4848  Fowler Auctioneers, Inc. 275 Hwy. 70 East Glenwood, AR 71943
Name Commercial Real Estate Auction - Formally "Gayle's Restauran
Auctioneer
Type Live Webcast Auction
Date(s) 3/18/2024 - 4/13/2024
Auction Date/Time Info
Live Auction Saturday, April 13th at 11AM
Preview Date/Time Drive by any time or contact Auctioneer/Broker: Nick D. Fowler for special showing at 870-356-4848
Checkout Date/Time $7,500 Non-Refundable down payment (Earnest Money) due day of or next business day after auction ends in the form of wire transfer , balance due at closing. Closing within 30 days. Title insurance and warranty deed furnished at closing, 10% buyer premium.  Property Sold “as is, where is”, The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers.
Location
Buyer Premium 10% for this Auction
Description
Real Estate AUCTION Commercial High Traffic Opportunity.. The former and Famous Gayle's Restaurant 3974 Hwy. 70 West Kirby (Daisy, Arkansas) 71950 Near Lake Greeson Saturday, April 13th at 11AM Live Onsite Auction with (Online Bidding) Any or all information about this Auction is subject to change.Offers Made Prior to Auction are welcome!! Join our email list on FowlerAuctioneers.com for updates on this property and upcoming Auctions and Listings. Auction Date: Saturday, April 13th at 11AM Auction Location: 3974 Hwy. 70 West Daisy, AR 71950 Property Inspection: Drive by any time or contact Auctioneer/Broker: Nick D. Fowler for special showing at 870-356-4848 AUCTIONEERS NOTE:  Real Estate will be a LIVE and ONLINE for those are not able to attend the Live On Site Auction. We encourage bidders to enter a MAX BID then let the software bid on your behalf during the live auction >>> This suggestion is due to the possibility of a slow internet connections time to time from our Hot Spot. Normally everything runs smoothly, we don’t want to miss your bid. Real Estate Description:  LOCATION LOCATION LOCATION !!  Property is located just a mile from Lake Greeson!! This building consist of 2988+/- SF situated on 1.75+/- acres with plenty of room for expansion along High Traffic HWY. 70 W Frontage (approx. 300+/- feet) . The property has a Well, Rural Water Available, Electric, and Septic System with Grease Trap. This property was formally "Gayle's Restaurant" The building is now ready for your ideas and plans! Endless possibilities await, Restaurant, LS, Boat/RV Storage, Rental, Investment in a Excellent Location. Taxes:  Approx. $809+/- per year Closing Agent: Proland Title - Hot Springs, AR  - 501-762-0159 County:  Pike School District: Kirby Please contact our office with any questions, Auctioneer/Broker: Nick D. Fowler, AALB Lc.#162 – PB00060028    870-356-4848  Fowler Auctioneers, Inc.275 Hwy. 70 East Glenwood, AR 71943
If you do not understand the Terms and Conditions of this Auction or any Fowler Auctioneers, Inc. Auctions PLEASE DO NOT BID. Contact our office with any questions you may have. Pre-Bids will Open the Live Auction Any or all information about this Auction is subject to change. Announcements made day of sale take precedence over all advertisement.  Live Auction Bidding Terms:  $7,500 Non-Refundable down payment (Earnest Money) due day of auction in the form of a cashier’s check (see down payment instructions below) , balance due at closing. Closing within 30 days. Title insurance and warranty deed furnished at closing, 10% buyer premium. Property Sold “as is, where is”, The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers. Online Bidding Terms: $7,500 Non-Refundable down payment (Earnest Money) due day of or next business day after auction ends in the form of wire transfer (see down payment instructions below) , balance due at closing. Closing within 30 days. Title insurance and warranty deed furnished at closing, 10% buyer premium.  Property Sold “as is, where is”, The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers. Possession will be at closing, No Exceptions. The Seller/Fowler Auctioneers, Inc. has the right to accept offers Made Prior to Auction. Participation Requirements: Valid credit card required for online bidding approval, name, valid mailing address, and valid email address. NO EXCEPTIONS!! All property is sold ‘AS IS” . Buyer’s Contract: Your bids placed on the Fowler Auctioneers, Inc. website/bidding platform is a contract and you are responsible for paying all amounts due after upon seller approval. Non-paying bidders or fraudulent bidding will be subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers. On-Line Bidder will be contacted if they have the winning bid. Real Estate DOWN PAYMENT (Earnest Money) Live Onsite Bidders and Online Bidders is non-refundable and must be paid in full day of auction for Live Auction Bidders in the form of a cashier’s check and next business day after the close of the auction for Online Bidders in the form of Wire Transfer with the balance due in 30 days at closing. Purchaser will receive a general warranty deed at closing. Seller will provide purchaser an “owners” title insurance policy at closing. Buyer and Seller will be responsible for their closing cost. If for any reason Buyer fails to timely execute the Sale Contract or pay the deposit, Seller has sole discretion, to: pursue all legal and equitable remedies available against Buyer, charge the Buyers credit card on file for the down payment and/or declare Buyer’s bid to be immediately forfeited, null, and void, without any requirement of notice, and immediately re-sell the Property to another buyer. All properties are sold “as is, where is” no exceptions. Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with any and all faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing. Fowler Auctioneers, Inc. represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions. You agree to hold Fowler Auctioneers, Inc./Seller and its employees harmless for any delayed closing issues. Fowler Auctioneers, Inc. is acting exclusively as an agent for Seller and not as an agent for any Bidder or Buyer. No third-party broker is acting as a sub-agent of Auctioneers. All properties are absolutely sold “as is, where is” with no contingencies. All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records. You acknowledge that the internet may be an unreliable and error-prone network. Fowler Auctioneers, Inc. will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion, we encourage you to enter your max bid in the case of a delay due to possibility of low cell service.  You agree to hold Fowler Auctioneers, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled at any time and if internet service is unstable or disrupts the online portion of any auction. The Terms of Auction shall bind Bidders and their agents, assigns, attorneys, beneficiaries, brokers, directors, distributes, employees, executors, heirs, legatees, officers, representatives, shareholders, and successors in interest. No deletion, modification, supplement, or waiver of any provision of the Terms of Auction shall be made, except by Auctioneer’s written revision. The following terms and conditions shall apply to all auctions held Live or Online, regardless of the type, size or kind of auction (live or online). Specific terms and conditions may be modified at any time prior to the commencement of the auction by Fowler Auctioneers, Inc. Any Bidder/Buyer agrees to abide by these terms and conditions or the terms and conditions of any future Fowler Auctioneers, Inc. auctions.  Fowler Auctioneers, Inc. does not guarantee the online bidding to function properly during live auction. EXCLUSION/DISCLAIMER OF WARRANTY: Neither Seller nor Auctioneer makes any representations or warranties as to the accuracy or completeness of any information contained online at the Auction website (s), in the Auction brochure, live Auction or available at the Property. We are happy to offer online bidding for bidders who cannot physically attend the live auction event. Please understand and agree that online bidding will only be allowed if the buyer is physically NOT on site at the live auction. Online bidding will NOT be allowed if you are physically in attendance at the live auction event.  Broker Participation: Fowler Auctioneers Inc. will pay a % of the net buyer premium if client is the successful bidder who closes on the terms of the contract, including closing on the effective contract closing date. Client must be registered and bid 48 hours prior to Auction. Visit fowlerauctioneers.com to print a Broker Participation Form. Email to marketing@fowlerauctioneers.com or Fax to our office 870-356-4225.  Receipt is not guaranteed so please follow up with a call to our office at 870-356-4848. The Client must fully complete and execute a Bidder Registration provided on our website. No oral registrations will be accepted.  If the Client has previously been in direct contact with a representative from Fowler Auctioneers Inc. or is part of our Client Mailing List, the Broker/Sales Associate will not qualify for a commission. These terms and conditions are firm. No compensation if you (Realtor) are bidding for yourself. Broker Participation Form in Documents Tab at www.fowlerauctioneers.com (make sure its this auction) Fowler Auctioneers, Inc. Nick D. Fowler, CAI – Auctioneer and Principal Broker PB00060028 * AALB #162 870-356-4848
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% for this Auction
Payment Terms
$7,500 Non-Refundable down payment (Earnest Money) due day of or next business day after auction ends in the form of wire transfer , balance due at closing. Closing within 30 days. Title insurance and warranty deed furnished at closing, 10% buyer premium. Property Sold “as is, where is”, The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers. For Questions contact Fowler Auctioneers, Inc. at 870-356-4848
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.