Car wash at 3163 S Old Missouri Rd. in Springdale.
Joe Kilgore didn’t know anything about running a carwash but he couldn’t pass up a good deal.
Kilgore and his wife, Sheri, paid $950,000 for two northwest Arkansas carwashes: the Miracle Carwash on West Main Street in Farmington and the Electric Avenue Carwash on Old Missouri Road in Springdale. Kilgore bought the properties from the Bank of Fayetteville, which acquired them from Bill Keathley’s Three Dog Developments Inc.
Kilgore’s father-in-law, Bob Cantrell, was involved in foreclosure proceedings with the properties and alerted Kilgore to the opportunity. The Bank of Fayetteville provided a loan of $180,000.
Both carwashes have been closed for the past six months, Kilgore said, but he has worked since the acquisition to get them up and running.
“You catch on pretty quick,” Kilgore said. “I’ve already done a lot of fixing up already. I’m just about there. It drove me crazy getting them up and running.”
J.J.’s Grill
A Fayetteville restaurateur is set to expand to the north side after a $900,000 purchase.
JET Enterprises LLC, led by J.J.’s Grill owner Jody Thornton, bought approximately 2 acres at the southwest corner of Van Asche Drive and Steele Boulevard. The area, just south of the Northwest Arkansas Mall, has been a hotspot of commercial endeavors in the past year, with both Specialized Real Estate of Fayetteville and Watermark Residential of Indianapolis planning significant apartment complexes.
Thornton plans to build a 11,774-SF mixed-use building on the site. There will be a restaurant, brewery, beer garden and office.
The sellers were Nanchar Inc., led by Charlotte Steele, which owned two-thirds of the property, and MSB Properties LLC, led by Marjorie Brooks.
Legacy National Bank of Springdale provided a loan of $675,000.
Zweig Buys Again
Mark Zweig, through Mark Zweig Inc., bought the former home of Ward’s Small Engine on East Huntsville Road in Fayetteville.
Zweig paid $170,000 for the 6,910-SF building. Zweig bought the property from First Western Bank of Rogers, which acquired it from the Pearson Family Trust, led by Wyma Pearson.
Zweig’s plans for the building are personal. He said he wants to use it as a personal garage for his antique cars; ones he has restored and ones that he is in the process of restoring.
“Kind of a personal playground,” Zweig said in a text message. “It will look quite a bit different — a whole lot better — when we get done with it.”
If he can get the property rezoned, Zweig eventually wants to use the property as the headquarters for Mark Zweig Inc.
In December, Zweig, a building designer and renovator, paid $150,000 for the Twin Arch Motel on College Avenue in Fayetteville. He plans to convert the property into an upscale apartment complex.
Fayetteville Warehouse
D.C. Goff Revocable Trust, led by Dash Goff, paid $1.24 million for a 21,750-SF warehouse on Hawks Landing in Fayetteville.
The property covers 1.4 acres and is the home of the northwest Arkansas office of RGC Glass Inc., which deals in commercial glass and windows. The seller was WWW Johnson South LLC, which is led by David Prewett of Russellville, the president of RGC Glass.
Springdale Law Firm
A Springdale law firm’s office sold for $300,000.
The Burrows Revocable Trust, led by Richard and Joyce Burrows, bought the 3,800-SF office that houses Harrington Miller & Associates on Emma Avenue in downtown Springdale. The Michele Harrington Revocable Trust, led by Michele Harrington, was the seller.
Michele Harrington is the senior partner at Harrington Miller.
Elite Building Solutions
A 3,068-SF building in Springdale sold for $400,000.
The property, the site of Elite Building Solutions at 446 N. 40th St., was bought by Aracrebs II, led by R. Trent Curry. First Security Bank of Searcy provided a loan of $340,000.
Elite Building Solutions LLC was the seller. It is led by Randy Wright, Jeremy Kruse and Nathan Wright.
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