ONLINE BIDDING ONLY
Ends: 08/12/20 at 2:00 PM CDT
Attention Jefferson County Real Estate Investors & Commercial Real Estate Buyers!
ONLINE MULTI PROPERTY COMMERCIAL REAL ESTATE AUCTION
209 Blake St. Pine Bluff, AR 71601 AND
300, 302, 304, 306 Main St. Pine Bluff, AR 71601
BIDDING ENDS WEDNESDAY, AUGUST 12th AT 2:00pm
Consisting of: 209 Blake St.: A 6,557± former medical building with large reception area, 17 potential offices, large break room with kitchenette, conference room, (3) sets of bathrooms, central heat & air, a large parking lot in an excellent location for any commercial use.
300, 302, 304 & 306 Main St.: Consist of (4) commercial storefronts located in the heart of historic downtown Pine Bluff, these units will be offered separate and together as a package for one bid price. The City of Pine Bluff is in the final stages of the Streetscape Project to help beautify the downtown area by replacing sidewalks, landscaping, water lines & other improvements. Do not miss this opportunity to own property in the up and coming business & entertainment district of Pine Bluff, AR.
JEFFERSON COUNTY MULTI-PROPERTY ONLINE COMMERCIAL REAL ESTATE AUCTION
The Following Terms & Conditions Apply to The Online Multi-Property Real Estate Auction of A 6,557 SQ. FT Former Medical Office/Commercial Property Located at 209 Blake N. Blake St. in Pine Bluff, AR. Jefferson County Parcel No. 930-24277-000. AND (4) Commercial Storefronts located at 300, 302, 304, 306 S. Main St. in Downtown Pine Bluff. Jefferson County Parcel Numbers: 930-48494-000, 930-48496-000 930-48497-000 930-48498-000 (These parcel numbers are in consecutive order)
Bidder must read and accept all of the terms and conditions set forth below in order to bid. (SCROLL DOWN & READ ALL TERMS BEFORE PLACING ANY BIDS)
Buyer’s Premium: A buyer’s premium of Ten percent (10%) of the high bid will be added to the bid to determine the final purchase price.
Seller has the right to accept or reject any and all offers on real estate.
Upon the Sellers acceptance of the highest bid, the successful purchaser will be required to make an earnest money down payment in the amount of 20% of the contract purchase price. The balance is due in 30 days at closing. Purchaser will receive a General Warranty Deed at closing. Additionally, Seller will provide the purchaser an Owners Title Insurance Policy at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.
Commercial storefront (300, 302, 304 & 306 Main St.) bulk and individual offerings explanation: We will first offer each storefront individually to be sold separate. We will then offer all (4) of the units together as a package for one bid price. The individual offerings (bid price for each) will be added up and compared to the final bid price of the bulk offer (4 units together as a package) and whichever amount nets the highest bid will be declared the winning bid. All offers on all real estate in this auction are subject to seller approval. Contact auctioneer Brad Wooley with any questions about this process.
Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions. (See payment instructions below)
Buyer’s Commitment: Your bids placed on the Wooley Auctioneers website/bidding platform are a FIRM COMMITMENT TO BUY and you are responsible for paying all amounts due.
Currency Type: USD
Auction Location: Internet Online Only
Payment Instructions: Winning bidder will be required to put 20% of the contract purchase price immediately following the auction. The balance will be due in 30 days at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.
Additional Terms of Sale:
- Your bid is a FIRM COMMITMENT TO BUY should you be the winning bidder.
- All property is sold “AS IS”.
- By bidding on property, the bidder shows acceptance of the terms of the auction
- All announcements made prior to the close of the Internet bidding take precedence over all written or verbal statements.
- Wooley Auctioneers attempts to describe the property to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a purpose. Nor shall we be responsible for any errors or omissions in the description of the property.
Wooley Auctioneers, Inc. is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Auction Company reserves the right to withdraw or re-catalog items in this auction.
EXPLANATION SOFT CLOSE: if an item receives a bid within the last 5 minutes, then the close time will be extended 5 minutes from the time the bid is placed. The time will continue to be extended for 5 minutes with each newly placed bid and the item will not close until 5 minutes has elapsed with no additional bid activity. This does eliminate “snipers” from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers