Joel King, ALC, CAI
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Peoples Company has been commissioned by the Bankruptcy Court Eastern District of Arkansas Helena Division Case No. 22-11683 Chapter 7 to sell the Real Estate of "The Liquor Store of Brinkley" The building consists of coolers, racks, signs, and signage. The property is located in a high traffic area just 1/2 mile from Interstate 40. Bidding begins on April 27, 2023 at 10:00 AM CST and closes on May 4, 2023 at 3:00 PM CST.
A FRACTIONAL PART OF THE SE/4-NW/4, SECTION 3, T3N-R2W, LOCATED IN AN UNPLATTED AREA WITHIN THE CORPORATE LIMITS OF THE CITY OF BRINKLEY, DESCRIBED AS FOLLOWS: BEGIN AT A POINT ON THENORTH RIGHT OF WAY LINE OF JACKSON AVENUE (NOW KNOWN AS WEST 6TH STREET) AND TEH WEST RIGHT OF WAY LINE OF ARKANSAS HIGHWAY 17-39 (NOW KNOWN AS U.S. HIGHWAY 49), SAID POINT LYING 421.20 FEET WEST OF THE SOUTHEAST CORNER OF THE SAID SE/4-NW/4, SECTION 3; THENCE WEST ALONG THE NORTH RIGHT OF WAY LINE OF JACKSON AVENUE (NOW KNOWN AS WEST 6TH STREET), A DISTANCE OF 155 FEET TO THE EAST RIGHT OF WAY LINE OF CHARLYNE STREET; THENCE NORTH 11 DEGREES 48' EAST ALONG THE EAST RIGHT OF WAY LINE OF CHARLYNE STREET A DISTANCE OF 58 FEET; THENCE EAST 119.97 FEET ALONG THE SOUTH LINE OF THE DARRELL GEISLER PROPERTY, PER DEED OF RECORD AT BOOK 113, PAGE 593, TO THE WEST RIGHT OF WAY LINE OF SAID HIGHWAY17-39 (NOW KNOWNAS U.S. HIGHWAY 49); THENCE SOUTH 22 DEGREES 12; 00" EAST ALONG A CURVE HAVING AN ARC OF 61.33 FEET, A CHORD SDISTANCE OF 61.32 FEET ALONG THE SAID WEST RIGHT OF WAY LINE OF SAID HIGHWAY 17-39 (NOW KNOWN AS U.S. HIGHWAY 49), TO THE POINT OF BEGINNING CONTAINING 0.179 ACRES.
The liquor license can be transferred at closing to a person already approved by the Arkansas Department of Finance (Alcohol Beverage Control Division). Please contact us for additional information.
From Interstate 40 heading south turn right on Exit 216 then right onto Main street. Property approximately 1 mile on the right.
The Liquor Store of Brinkley
United States Bankruptcy Court
Eastern District of Arkansas
Helena Division – Case No. 22-11683, Chapter 7
This is an Online Only Auction.
Online Bidding: Register to bid at http://brinkleyarbankruptcyauction.com. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.
Auction Method: This parcel will be offered via online auction only. Building to be sold as one entity with the liquor license as long as the buyer is qualified. Subject to Court Approval. There will be an 8% Buyer’s Premium added to the purchase price to arrive at the total contract price.
Bidder Registration: Prospective bidders must register online and receive a bidder number. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges they are representing themselves in completing the auction sales transaction.
Earnest Money Payment: At the conclusion of the online auction, a non-refundable 10% down is required with the balance due upon the court’s approval closing on or before 30 days.
Possession: Will be upon the court’s approval of the sale and payment of satisfactory funds required by the Bankruptcy Trustee.
Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract. The Court will not provide title commitment. Sale is not contingent upon Buyer financing.
Disclaimer: All information, regardless of source, is deemed reliable but not guaranteed and should be independently verified. The information may not be used for any purpose other than to identify and analyze properties and services. The data contained herein is copyrighted by Peoples Company and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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