Improved Mixed-Use Land for Auction in Malvern, Arkansas

Auction Description ATTENTION: HOME BUYERS, BUILDERS, DEVELOPERS & INVESTORS! 7± Riverfront Acres, Zoned C-2, w/ 340± Ft. of Ouachita River Frontage Featuring a 4,500± Sq. Ft., 4 Bedroom, 3.5 Bathroom, 2-Story Red Brick Home, Incredible Waterfront Building Tract & a Level, Ready-to-Build Off Water Tract ~ Offered in (3) Surveyed Tracts & Combinations ~ SELLING AT NO RESERVE AUCTION WITH ONLINE BIDDING AVAILABLE! REAL ESTATE DESCRIPTION: Don't Miss this Rare Opportunity to Own a Beautiful Piece of Ouachita Riverfront Property with Incredible Development Potential ~ The Property will be Offered in (3) Newly Surveyed Tracts, giving Buyers the Flexibility to Bid on One Tract, Multiple Tracts, or the Entire 7± Acre Property! ~ Mark your Calendar, this Beautiful Property will SELL TO THE HIGHEST BIDDER, REGARDLESS OF PRICE ON AUCTION DAY! Property Highlights This Beautiful 7± Acre Riverfront Property, Zoned C-2, w/ 340± Ft. of Prime Ouachita River Frontage, will be Offered in (3) Newly Surveyed, Individual Tracts & Combinations. Property is Conveniently Located 1/2 Mile East of Interstate 30 (Exit 97) & 1/2 Mile West of Walmart Supercenter in Malvern, Arkansas, just East of the River Bridge Along Tanner Street. Property is Zoned C-2, making it the Perfect Tract for Commercial or Residential Development. Utilities Include Electricity, City Water, City Sewer & Natural Gas. Malvern School District Drive by & View this Land Today or Contact Agent to View the Home Tract Descriptions (TRACT 1) 2.88± Acres Containing the 4,500± Sq. Ft., 4 Bedroom, 3.5 Bathroom Classic Colonial Style, 2-Story Red Brick Home, Custom-Built in 1994, w/ 200± Feet of Incredible River Frontage & Stunning River Views. Paved Circle Drive, 2-Car Carport & 1-Car Garage w/Bonus Room Attached to the House by Covered Breezeway. Home has been Extremely Well-Maintained & has an Incredible Floor Plan w/ 2 Living Areas, Large Master Suite & Spacious Bedrooms. Covered Upper & Lower Back Deck Overlooking the Beautiful Flowing Ouachita River. (TRACT 2) 2.23± Acres w/ 140± Feet of Prime River Frontage & 45± Feet of Tanner Street Frontage, making this a Versatile Tract to Develop as a Residence or Business Overlooking the River w/the Ability to Add a Boat Launch Ramp. (TRACT 3) 2.0± Acres Cleared, Level & Ready-to-Build w/Over 200 Feet of Tanner Street Frontage & Over 400 Feet of Dusty Road Frontage w/All City Utilities. Auction Details Auction Date & Time: Thursday, July 16th at 11:00 AM Location: 1821 Tanner Street, Malvern, AR 72104 Bidding Options: Live On-Site & Simulcast Online Bidding Available No Reserve Auction Offers Made Prior to Auction Day are Welcome! INSPECTION: Property can be Viewed by Appointment ~ Contact Agent Doug Westgate ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. for Inspection & Registration on Auction Day. CLOSING COMPANY: Pro Land Title Company ~ Closing Agent: Shanda Dunlap ~ 401 Section Line Road, Suite F, Hot Springs, Arkansas 71901 REAL ESTATE TAXES FOR YEAR 2025: $5,859.14 (entire property) SCHOOL DISTRICT: Malvern TERMS: (TRACT 1) $40,000.00 ~ (TRACT 2) $20,000.00 ~ (TRACT 3) $10,000.00, All in the Form of a Cashier's Check made Payable to Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Auction/ Buyer's Premium ~ Offers Prior to Auction Day are Welcome.