Real Estate Auction
Investment, Commercial and Residential Real Estate Auction. 11.97 Acres M/L containing 10 RV Spaces, 3 Wilderness Cabins and a 2 Bedroom, 2 Bath 1750 sq ft caretakers home, stocked pond, large shop and a commercial laundromat and showers.
Calico Rock,
Description
Unique Investment, Commercial and Residential property. The JAKALO Campground features a Nice Owners Cabin that is a 2 Bedroom, 2 Bath Cabin with around 1750 square feet. Nice porches, hot tub and several other amenities at the Owners Cabin. There are 10 RV Spaces, 5 of them are full hookups and 5 of them are partial hookups. There are also 3 Wilderness Cabins that feature 1 bedroom and 1 bath each. 2 of the cabins are completed and have been used for monthly rentals. 1 cabin is in place but needs the interior finished. A LARGE Office and bathouse sets at the entrance to the property. The office includes shower and bath houses for Men and Women as well as a commercial laundromat for guest staying at the campground. A large shop sits in the middle of the property and features several lean to's and open spaces. The pond on the property is stocked with several varieteies of fish. All contained in 11.97 acres m/l of Ozark Mountain Beauty.
This property fronts Highway 5 in Optimus, Arkansas and is on the turnoff to the famed Boswell Shoals fishing area on the famous White River Trout Waters.
Legal Description:
part of the NE 1/4 NW 1/4, Section 11, Township 16 North, Range 11 West, being more particularly described as follows: Commencing at the NE corner of the NE 1/4 NW 1/4, thence S88-05-42W 263.14' to the Point of Beginning, thence continue S88-05-42W 348.79' to a point in the west right of way (R/W) of Highway 5, thence along west R/W s19-01-34E 839.34' to a found rebar, thence N88-03-11E 725.44' to a found rebar, thence N00-05-54E 344.05' to a found rebar in a fence line, thence S89-21-57W 166.34' to a found rebar, thence N01-20-25W 187.68' to a found rebar, thence N74-54-39W 496.14' to a found rebar, thence N00-25-00W 121.44' to the Point of Beginning, containing 11.97 acres more or less.
Subject to all easements both public and private.
SUBJECT TO ANY PRIOR RESERVATIONS OR CONVEYANCES OF ANY OIL, GAS OR MINERAL INTERESTS OR ROYALTIES THAT MAY APPEAR OF RECORD.
Dates
Bidding Dates
11
Jun '16
11:00 AM
Central Time (US & Canada)
11
Jun '16
02:00 PM
Central Time (US & Canada)
Preview Dates
Pre-bidding Dates
Checkout Dates
Directions
Auction location is 32541 Highway 5, Calico Rock, AR. From Mountain View take Highway 5 north about 15 miles. From Calico Rock, take Highway 5 south about 7 miles to Optimus Arkansas. The Auction location is on the east side of the road and just south of the intersection of Highway 5 and County Road 72 (Optimus River Road). Watch for Auction Signs and Banners.
Terms
Real Estate will be offered "As-Is / Where-Is" with no contingencies. A 5% Buyers Commission will be charged on all REAL ESTATE sold at this auction. Buyer will be required to make a 10% (ten percent) non-refundable deposit the day of the auction with the balance due at closing in 45 days or less.
Seller will furnish 1/2 closing agent fees, 1/2 title insurance, 1/2 revenue stamps and pro-rated taxes until the day of closing. Buyer will be responsible for all other closing cost.
Seller nor Grady Auctions & Realty, Inc. warrant or guarantee any of the information provided. All information has been gathered from reliable sources and is presented for REFERENCE PURPOSES ONLY. We encourage you to complete your own Due Dilligence prior to bidding at this auction.
Complete Terms and Conditions can be found under the "DOCUMENTS" tab of this auction and will be available at the auction location the day of the sale.