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$ 1,350,000
Est. payment /mo
Back on Market
501 N Hervey Street Hope, AR 71801
8,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Back on Market
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $160
Subdivision Metes & Bounds
MLS Listing ID 24022710
Style Traditional
Year Built 1998
Tax Year 2023
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Building and Land
Property Description
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.
Location
State AR
County Hempstead
Area Hempstead County
Interior
Flooring Concrete
Exterior
Garage Spaces 20.0
Utilities Available Electric-Municipal, Gas-Natural, Sewer-Public, Telephone-Private, TV-Cable, Water-Public
Roof Type Other (see remarks)
Building
Lot Description Level, City Lot
Foundation Slab
New Construction No
Listed by Keller Williams Realty Hot Springs • Jason Edington
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