Former hotel property sale the top Sebastian County deal in August

by Talk Business & Politics staff ([email protected]) 2,554 views 

The $1.2 million sale of a former hotel site on Waldron Road in Fort Smith was the top Sebastian County property transaction in August, according to info from the office of Sebastian County Assessor Zach Johnson.

Fort Smith-based Ghan Properties sold the commercial property and building at 2219 S. Waldron Road on Aug. 23 to Brookwood-Waldron FS LLC.

There have been three other property deals along Waldron Road so far in 2022. Medical Investments Fort Smith LLC – a company registered to the owners of Ghan Properties – and Able Properties LLC on July 8 bought a medical office building at 2120 S. Waldron Road in Fort Smith for $2.1 million. The property was sold by Green Meadows Properties LLC. On May 12, properties at 5500 and 5428 Ellsworth Road were part of a $9.751 million deal in which Medical Investments sold property to Darrell Robinson and Dusty Duke of Fort Smith. All of the properties are rented by Baptist Health-Fort Smith and are clinics for the hospital system.

The second largest deal in August had Patti and Edward Janes sell the Lites Etcetera retail building at 9814 U.S. 71 South to P&F Investments Inc. The deal closed Aug. 8

The $9 million sale of an apartment complex in the southwest corner of Grand Avenue and Interstate 540 was the largest Sebastian County property transaction so far in 2022. FS3 Holdings LLC sold the apartment complex at 5901 Kinkead Ave., on June 7 to Rampart Enterprises Inc.

Following are the top 10 August transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

Transaction amount: $1.2 million
Seller: Ghan Properties
Buyer: Brookwood-Waldron FS LLC
Sale Date: Aug. 23
Address: 2219 S. Waldron Road, Fort Smith
Description: Commercial

Transaction amount: $950,000
Seller: Patti and Edward Janes
Buyer: P&F Investments Inc.
Sale Date: Aug. 9
Address: 9814 U.S. 71 South, Fort Smith
Description: Commercial

Transaction amount: $840,000
Seller: Grand Slam Golf & Baseball Training
Buyer: MP&U Investments Inc.
Sale Date: Aug. 25
Address: 5300 S. Zero St., Fort Smith
Description: Commercial

Transaction amount: $675,000
Seller: Alvin and Renee Blaylock
Buyer: Brett and Stephanie Whatcott
Sale Date: Aug. 15
Address: Hackett
Description: Residential-home

Transaction amount: $580,000
Seller: David and Barbara Henson
Buyer: MCW Developments LLC
Sale Date: Aug. 19
Address: 1701 Phoenix Ave.
Description: Commercial

Transaction amount: $575,000
Seller: FLC&W LLC
Buyer: Cross Development Fort Smith LLC
Sale Date: Aug. 10
Address: S. 31st St., Fort Smith
Description: Commercial

Transaction amount: $552,000
Seller: Michael and Jennifer Atchley Family Trust
Buyer: Donna Stephens
Sale Date: Aug. 15
Address: Fort Smith
Description: Residential-home

Transaction amount: $525,000
Seller: Jimmy and Tina Odom
Buyer: Romulo and Maria Guerra-Calderon
Sale Date: Aug. 17
Address: 1216 S. Jackson St., Fort Smith
Description: Commercial

Transaction amount: $500,000
Seller: Michael Eakin Family Trust
Buyer: Vasiliki Investments LLC
Sale Date: Aug. 16
Address: 4721 Grand Ave., Fort Smith
Description: Commercial

Transaction amount: $485,000
Seller: Steve and Ho Nguyen
Buyer: Kevin and Jennifer Curtis
Sale Date: Aug. 19
Address: Fort Smith
Description: Residential-home