BID DATE: Thursday, March 30, 2017 by 3:00 PM

Transcription

1 offered for sale via sealed bid RACE TRACK TIMBERLAND A Timberland and Recreational Investment Property (+/-) acres LeFlore County, Oklahoma BID DATE: Thursday, March 30, 2017 by 3:00 PM offered by

2 DISCLOSURE STATEMENT Lile Real Estate, Inc. and Commercial Realty Brokers, LLC are the representing agencies for the owner of the property described within this offering brochure. A representative of Commercial Realty Brokers, LLC* must be present to conduct a showing. We respectfully request that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass on the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering is subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee. *Commercial Realty Brokers, LLC is licensed in Oklahoma.

3 vicinity map i Subject Property map center: 35 9' 41.21, ' mi 9.3mi 18.6mi 10/5/2016

4 vicinity map ii map center: 35 11' 35.13, ' ft 9029ft 18058ft 10/5/2016

5 vicinity map iii map center: 35 11' 35.25, ' ft 3868ft 7736ft 10/5/2016

6 December 9, 2016 NOTICE OF LAND SALE BY SEALED BID We offer for sale the following tracts of land in LeFlore County, Oklahoma CONDITIONS OF SALE: Race Track Timberland 1. Sealed bids will be received at the office of Lile Real Estate, Inc. 401 Autumn Road, Little Rock, AR until 3:00 p.m. Thursday, March 30, 2017 and at that time privately opened. If your bid is mailed, please indicate on the outside of the envelope Bid on Race Track Timberland. Bids may be faxed to , or ed to Bids will be in one lump sum for the total acreage of the tract. The successful bidder will be required to close within and no later than thirty (30) days of the accepted bid. An offer form is attached. 2. Acreages are believed to be correct but are not guaranteed. No Survey will be furnished by the Seller. In all cases, no adjustment will be made in the contract price based on any subsequent survey conducted by a Buyer. It is the Prospective Buyer s responsibility to verify the accuracy of all acreage. 3. Seller will furnish title insurance. 4. A special warranty deed will be prepared by Seller. The Seller will pay half of the documentary stamps required by law for the recordation of the deed. 5. All property taxes will be paid by the owner up to date of the sale. 6. The land will be sold to the highest bidder; however, the Seller reserves the right to refuse any or all bids, to waive any technical defect in bids, and unless otherwise specified by the seller, to accept any bid as may be in the best interest of the seller. 7. At the completion of the bidding process, a final contract will be signed by both Buyer and Seller. 8. The Listing Agent Firm represents the Seller. All licensees associated with the Listing Agent Firm are employed by, represent, and are responsible to the Seller. The Listing Agent makes no representation as to the condition of the property or its suitability to the Bidder s / Buyer s needs. The Bidder(s) / Buyer(s) are responsible for verifying information regarding this property and obtaining legal counsel if so desired. If Buyer seeks representation from a licensed real estate agent, then it is the Buyer s sole responsibility to pay for such services. 9. Any questions concerning this sale should be directed to Brandon Stafford, Lile Real Estate, Inc. (501) or Jeff Kemp, Commercial Realty Brokers, LLC (479) Agency Disclosure All information contained herein has been obtained from sources we believe to be reliable. However, no warranty or guarantee is made to the accuracy of the information. Lile Real Estate, Inc. is the agent of the owner of the property described within this property offering.

7 OFFER FORM - RACE TRACK TIMBERLAND (+/-) ACRES Bid Date: Thursday, March 30, 2017 by 3:00 PM Bidder herby submits the following as an offer for the purchase of the lands located in LeFlore County, Oklahoma; as d escribed by the sales notice. This offer will remain valid through Monday, April 3, 2017 at 5:00 p.m. If this offer is accepted the Bidder is obligated to execute an offer and acceptance contract with the Seller. Earnest money shall be in the amount of ten thousand dollars ($10,000.00) and closing shall take place no later than thirty (30) days from the date of the executed contract. Submit offer form to: Lile Real Estate, Inc. (Before 3:00 p.m. on March 30, 2017) 401 Autumn Road Little Rock, AR Fax offer form to: offer form to: bstafford@lilerealestate.com Bid Amount: $ Bidder: Date: Phone No.: Fax No.: Address: Signature:

8 property summary Description: A rare opportunity to acquire a unique parcel of timberland located just 3 miles south of Spiro, Oklahoma in the southeastern portion of the state. This property is just 13 miles from the Arkansas-Oklahoma state line, and 6 miles from the Arkansas River. The property has excellent access via all-weather county maintained roads and over 3,400 feet of frontage along the Poteau River. The property is bisected by Holi-Tuslw Creek which is a tributary to the Poteau River. The majority of the standing timber is comprised of mature mixed species bottomland hardwood stand with portions that periodically flood. Wild game is abundant throughout the property, with excellent habitat for deer, turkey, small game and ducks. Location: Lat Lon Mileage Chart Spiro, OK Fort Smith, AR Muskogee, OK Tulsa, OK 3 Miles 30 Miles 70 Miles 118 Miles Access: Utilities: Real Estate Taxes: Recreation: Notable Features: Mineral Rights: Offering Price: Contact: Via Race Track Lane and Race Track Loop partially paved and gravel all-weather LeFlore County maintained roads. Electricity and Municipal Water are available $ estimated (parcel numbers attached) Deer, ducks and wild turkey are abundant on the property, along with various other small game. Fishing is provided via the frontage along the Poteau River. Poteau River Frontage (3,400 feet); Adjoins New Spiro Lake All owned shall convey, with no guarantees. (Deeds Attached) Sealed Bid Sale Any questions concerning this offering or to schedule a property tour should be directed to Brandon Stafford or Gar Lile of Lile Real Estate, Inc. (office: ), or Jeff Kemp of Commercial Realty Brokers, LLC (office: ).

9 real estate tax information County State Parcel Number Book Page Acres $$/Tax LeFlore OK N-26E $116 LeFlore OK N-26E $186 LeFlore OK N-26E $17 LeFlore OK N-26E $125 LeFlore OK N-25E $34 LeFlore OK N-25E $ $540

10 Poteau River The Poteau River is the seventh largest river in the state, and it is the only river in Oklahoma that flows north. The Poteau River is a tributary of the Arkansas River. It is 141 miles long and runs through Arkansas and Oklahoma. Poteau is the French word for post, and the Poteau River is believed to have been named by French explorers who used a post or stake to mark the mouth of the river. The river begins 2 miles south of Bee Mountain near Waldron, Oklahoma and meets the Arkansas River at Belle Point in Fort Smith, Arkansas. Towns that sit along the river include Wister, Heavener, Poteau, Panama, Spiro and Fort Coffe in Oklahoma, as well as Fort Smith, Arkansas. The Fourche Maline, Brazil and Sans Bois Creeks are all tributaries of the Poteau River. The river joins New Spiro Lake, which provides an excellent fishing habitat that is being enhanced by a Source Water Protection Plan (see next page for info). Wister Dam was built in December It sits on the Poteau River and the resulting reservoir is named Lake Wister after the nearby town of Wister, Oklahoma. Lake Wister State Park has since been built up around the reservoir. There have been several artifacts found in Oklahoma and the locals believe these runestones to be the works of Viking explorers who traveled up the Poteau River after navigating the Mississippi and Arkansas Rivers, although there is not substantial evidence to support this claim. Source: Wikipedia - Poteau River.

11 New Spiro Lake - Source Water Protection Plan New Spiro Lake was constructed in 1963 and it covers approximately 250 acres with a volume of 2000 acre-feet at normal elevation. The lake provides drinking water for the town of Spiro, Oklahoma and serves a population of 2,200. New Spiro Lake has a Source Water Protection Plan that was developed with guidance from Oklahoma s Rural Water s Source Water Specialist and the drinking water system manager. A Watershed Advisory Committee was formed by the Mayor at the request of the Oklahoma Rural Water Association. The committee s goal is to make recommendations and support the town of Spiro in an effort to protect the lake s water quality. So far, the committee has achieved the installation of new fencing around the lake to prevent off-road vehicle access which causes soil erosion and sediment runoff, workshops to educate on sedimentation and erosion concerns that directly affect surface waters, installation of fish habitat in three locations within the lake by the Oklahoma Department of Fish and Wildlilfe, water monitoring within the streams leading to the lake and within the lake itself. The committee is also taking steps to get watershed education more embedded in the local schools curriculums. In the future, the committee plans to begin secondary water monitoring and install signage around the lake to identify it as a public water source for the town of Spiro. Source:

12 New Spiro Subject Property Area: 205 acres Capacity: 2,023 acre-feet Shoreline: 6 miles New Spiro 1960 LOWER ARKANSAS Planning Region TOWN OF SPIRO Purpose: WS, R Normal Elevation: feet Lakes of Oklahoma OKLAHOMA WATER RESOURCES BOARD 121

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20 soil map State: Oklahoma County: Le Flore Location: 6-8N-26E Township: Spiro Acres: Date: 10/5/2016 Soils data provided by USDA and NRCS. Area Symbol: OK079, Soil Area Version: 12 Cod e Soil Description Acres Percent of field 42 Neff silt loam, 0 to 1 percent slopes, occasionally flooded 43 Neff and Rexor soils, 0 to 1 percent slopes, frequently flooded 24 Cupco silt loam, 0 to 1 percent slopes, occasionally flooded 67 Shermore fine sandy loam, 3 to 5 percent slopes, eroded 66 Shermore fine sandy loam, 3 to 5 percent slopes 72 Stigler silt loam, 1 to 3 percent slopes Non Irr Class Legend Non Irr Clas s *c Common bermudagrass Improved bermudagrass Bahiagrass Grain sorghum Soybeans Tall fescue Whea t % IVw % Vw Alfalf a hay Cotton lint % IIw Cor n Peanuts % IIIe % IIIe % IIIs Introdu bluest

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26 Gar Lile Office: Mobile: Lile Real Estate 401 Autumn Road Little Rock, AR Jeff Kemp Office: Mobile: Commercial Realty Brokers, LLC 2961 Point Circle, Ste. 203 Fayetteville, AR