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$1,350,000 - 501 N Hervey Street, Hope

-
Bedrooms
-
Baths
8,400
SQ. Feet
0.37
Acres

Introducing a distinguished and appealing income-producing investment opportunity in the highly sought after commercial district of Hope, AR – a shopping center at 501 North Hervey Street, an address that denotes high visibility and promising potential. Immerse yourself in the bustling commercial brilliance of the North Hervey Shopping Center, a thriving hub for local commerce and retail businesses. This property is entirely leased by three long-term tenants, offering an investor a steady income stream from moment one. A proven asset, this shopping center exudes both stability and growth. The exterior of the building stands out amidst its surroundings, promising an inviting and professional atmosphere. The property has been upheld with meticulous attention, maintaining its appeal through the changing times. It basks in the advantages offered by its premium location, inviting passersby with active pedestrian traffic and serving as a notable landmark in the cityscape. The property has the added benefit of recent improvements, which include a new PVCMembrane Roof, a feature that notably enhances the property’s value and durability.

Essential Information

  • MLS® #:
    24022710
  • Price:
    $1,350,000
  • Square Footage:
    8,400
  • Acres:
    0.37
  • Year Built:
    1998
  • Type:
    Commercial
  • Sub-Type:
    Building and Land
  • Style:
    Traditional
  • Status:
    Active

Community Information

  • Address:
    501 N Hervey Street
  • Area:
    Hempstead County
  • Subdivision:
    Metes & Bounds
  • City:
    Hope
  • County:
    Hempstead
  • State:
    AR
  • Zip Code:
    71801

Amenities

  • Utilities:
    Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural, TV-Cable, Telephone-Private
  • Parking Spaces:
    20

Interior

  • Heating:
    Central Heat-Electric
  • Cooling:
    Central Cool-Electric
  • # of Stories:
    1

Exterior

  • Lot Description:
    Level, City Lot
  • Roof:
    Other (see remarks)
  • Foundation:
    Slab

Additional Information

  • Date Listed:
    June 27th, 2024
  • Days on Market:
    141
  • HOA Fees:
    0.00

Listing Details

  • Listing Agent:
    Jason Edington
  • Listing Office:
    Keller Williams Realty Hot Springs

The information being provided by the Cooperative Arkansas REALTORS® MLS, Inc. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: November 15th, 2024 at 2:24am CST.