Event #251-1
Bidding Format: Last Call
700 S. German Lane
Conway, AR 72033
Faulkner County View Map
Commercial Property
Lot Size: ±16 acres
 
APN/Tax ID: 710-08492-0900C
APN/Tax ID: 710-08492-0900C
APN/Tax ID: 710-08492-0900C

Description

*** IMPACT FEE FREE ZONE ***

This online auction is for a ±254,000 SF industrial building on ±16.45 acres of land, located at 700 S. German Lane, Conway, Arkansas. Features/highlights are as follows:

  • Property boasts good visibility, traffic volume & access
  • Used primarily for warehouse storage/light manufacturing
  • Zoning: I-3 (Intensive Industrial District); current usage in conformance; City & County pushing for retail uses
  • Site is relatively level and is said to drain adequately
  • Public utilities, including city water, sewer, electricity & telecommunications in place
  • Primarily prefabricated steel building on a concrete slab
  • Building is fully insulated and parts have sprinklers
  • Building has multiple entrance doors, canopies & loading docks w/15 ground-level overhead doors & 18 dock-high overhead doors that are 12' high & 10' wide
  • Site improvements include asphalt parking, sidewalks & chain link fencing
  • Building is partially leased (30% occupancy)

Conway is the county seat of Faulkner County and located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although sometimes considered a suburb of Little Rock, Conway is unique in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education with its largest employers being Acxiom, the University of Central Arkansas, Conway Regional Health System, Hewlett Packard, Hendrix College, Virco Manufacturing, Snap-on, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges."

As of the 2016 Census Estimate, the city proper had a total population of 65,300, making Conway the seventh largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.

Downloadable Documents

Auction Information Property Information Title and Escrow

Viewing Schedule

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Financing

There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.

If you choose to obtain financing from a third-party lender and the third-party lender is unable, for any reason, to provide you with a loan, then your bid shall be considered an ALL-CASH offer.

If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Broker of Record for this property: Newmark Grubb Arkansas, AR license #PB00042821

All information contained on FRE.com and dispensed by the Support Staff, Property Representative and other agents of the Seller is from sources deemed reliable and is not warranted or guaranteed by the Seller, its partners or related companies, LFC Communications, Inc., LFC Internet Marketing, Inc., LFC Marketing Services, Inc., or any of their agents. Buyers shall rely entirely on their own judgment and inspection.

  Offers Under Review Search Properties and REITs  
Bidder ID Bid /Type Date Time Type
HOS067 US $752,000 Aug-31 12:19:05 am CDT Highest Sealed
 
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Auction ended.
Bidding Questions or Assistance?
Auction Manager
Patrick Kelleher
LFC Marketing Services
Phone: (949) 706-6117 Email: pkelleher@lfc.com
Auction Manager
Debi Roks
LFC Marketing Services
Phone: (949) 706-6107 Email: droks@lfc.com
Property Representative
Clint Bailey
Newmark Grubb Arkansas
Phone: (501) 505-5713 Cell: (501) 358-8280 Email: cbailey@ngarkansas.com
Property Representative
Philip Hiegel
Newmark Grubb Arkansas
Phone: (501) 505-5717 Cell: (501) 472-2885 Email: phiegel@ngarkansas.com
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