The first auction will take place at 3531 Nutters Chapel Road in Conway, Arkansas at 2:00 p.m. at the property. Development potential is great with this 7.73 acre tract adjacent to a golf course community in southwest Conway. The close proximity to the eighteen hole Links at Nutters Chapel Golf Course and multi family community makes this property an ideal candidate for another multi family development .
Property is currently zoned A-1. 50 feet roadway easement extends across western edge of property. The property features 377 feet of road frontage on Nutters Chapel. It also has the added benefits of being mostly flat and mostly cleared. Conway Corp City water and Sewer is available on property making this property practically perfect in terms of immediate development potential. Property will be sold with reserve.
To get to 3531 Nutters Chapel Road, take Exit 129 and go west on Dave Ward Drive to Salem Road. Turn left on Salem to Nutters Chapel. Turn right on Nutters Chapel. Property is on left next to new golf course.
Terms and Conditions: Certified Funds, $10,000 non-refundable per tract, “as-is” by confirmation of seller. Closing within 30 Days. Sealed bids welcomed prior to sale.
Inspection: Anytime by appointment. Contact Mitch Hart at 626-2121 or Matt Mallett at 501-472-2121 for private tour. The auction will be held on property.
The second auction is at 3900 Donnell Ridge Road at 3:00 p.m. on the property site. Excellent development property with frontage on Donnell Ridge Road. Property is zoned MF-2 allowing 18 units per acre. Property is partially cleared has flat and view property.
Conway Corp City water is available on tracts 2 and 3. Sewer lift station is located 700 feet from southeast corner of tract 3. Current Conway Corporation plans include the creation of a new sewer treatment facility which would convert current forced sewer main extending across western edge of Tract 1 to a gravity flow main which could be tied onto.
New elementary school will be constructed near property beginning in the summer of 2011. Land has been purchased around the corner on Old Military Road for New Conway High School campus. Western Loop in the long term plan for the city of Conway will be east of Tract 3 and is scheduled to start summer of 2011. Property is less than a mile south from the Conway Marketplace Shopping Center anchored by a Super Wal-Mart.
Tract 1 will be sold as an absolute auction and contains 10 acres. Tract 2, with 10 acres and the 13.05 acre tract 3 will both be auctioned with reserves. Only Tract 1, Donnell Ridge selling absolute. Tract 1 may be sold as individual tract, or a combination of tracts.
To get to 3900 Donnell Ridge Road take Exit 129 and then take Dave Ward Drive West to McNutt. Turn left on McNutt and follow to Donnell Ridge. Property is on south side of Donnell Ridge near the intersection of Donnell & McNutt Road.
Terms and Conditions: Certified Funds, $10,000 non-refundable per tract, “as-is” by confirmation of seller. Closing within 30 Days. Sealed bids welcomed prior to sale.
Inspection: Anytime by appointment. Contact Mitch Hart at 626-2121 or Matt Mallett at 501-472-2121 for private tour. The auction will be held on property.
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