Homes for sale - 501 N Hervey Street, Hope, AR 71801

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Kevin Grooms

kevintgrooms@gmail.com +1(417) 280-6571

$ 1,350,000

Est. payment | -/mo

8,400 SqFt

Save

$ 1,350,000

Est. payment | -/mo

Save

8,400 SqFt

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

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 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

Heating Central Cool-Electric, Central Heat-Electric

Flooring Concrete

Exterior

Garage Spaces 20.0

Utilities Available Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural, TV-Cable, Telephone-Private

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(417) 280-6571

kevintgrooms@gmail.com

PO BOX 92, Thayer, Missouri, 65791, USA

501 N Hervey Street Hope, AR 71801