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Auctioneer Tranzon Asset Advisors See Listing
Auction Date Jun 13 Auction
3006 South Caraway Rd
Jonesboro, AR
Time 12:00PM
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AuctionZip Auctioneer ID# 6378
Bankruptcy Auction: Hotel / 5 Acre Interstate Development Site, Jonesboro, AR Cant attend in person? Contact Tranzon representative by Monday, June 11, 2018 about phone or online simulcast bidding. Attention Developers and Hoteliers: Bankruptcy auction of +/-5 acre site on I-555 at South Caraway Road, Exit 42 in Jonesboro, AR. Originally developed as a 179 room Holiday Inn, the Property occupies the strategic NE quadrant of the interchange. Features Include: Flexible C-2 zoning Frontage on I-555 Exit Ramp, S. Caraway Rd and Phillips Dr Prime location adjacent to hotels, restaurants, convenience stores and other thriving interstate and commercial enterprises 179 Room, +/-130,000 s/f hotel building As of May 1, 2018, Approximately 70 rooms in service Equipped kitchen Separate restaurant, bar and breakfast buffet spaces Multiple event spaces and conference rooms Indoor pool All owned personal property conveys, including numerous flat screen tvs Excellent rehab or redevelopment opportunity Traffic Counts: - I-555 Near S. Caraway Rd Exit: 36,000 VPD - South Caraway Rd: 25,000 VPD - Phillips Dr: 5,700 VPD Parcel ID#: 01-144283-03800 2017 Tax Assessment: $3,128,850 2017 Annual Taxes: $30,068.26 Tranzon Asset Advisors, Edward D. Durnil AR Real Estate, #PB000060144, Tim Mast, AR Auctioneer #1955 U.S. Bankruptcy Court, Eastern District of Texas Sherman Division, Case No. # 17-40311

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