501 North Hervey Street

For Sale

501 N Hervey St, Hope, AR 71801

This Hope property for sale is located at 501 N Hervey St. The current listed sale price for 501 North Hervey Street is $1,350,000. 501 North Hervey Street is situated on a lot that is 0.36 acre in size.

Contacts

broker

Jason Edington

Jason Edington - Arkadelphia - KW

Property Details

  • Property Type Retail - Strip
  • Property Size 8,400 SF
  • Units 3
  • Lot Size 0.36 Acre
  • Additional Rent Contact for pricing
  • Year Built 1998
  • Date Updated Aug 17, 2024
Discover the prime investment potential of Hope, Arkansas, a historic city renowned as the birthplace of three Arkansas governors: Bill Clinton, Mike Huckabee, and Sarah Huckabee Sanders. Situated in the heart of southwestern Arkansas, Hope offers a rich cultural heritage and a thriving local economy. This vibrant city is the county seat of Hempstead County and boasts a strategic location within the Hope Micropolitan Statistical Area. Investors in office buildings will appreciate the area's strong community spirit, range of local amenities, and the opportunity to become part of the city's dynamic growth. Don't miss the chance to explore the potential of this exceptional location.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 aninviting and professional atmosphere. The property has been upheld with meticulous attention, maintaining its appeal through thechanging 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. Practical and aesthetically appealing, these thoughtful renovations reflect careful thought towards longevity. Enveloped within a vibrant commercial district, the property offers easy access to a myriad of businesses and services, making it a preferred destination for shopping enthusiasts. The shopping center capitalizes on the foot traffic that the area sees on an everyday basis, adding to its income potential. Exuding an ambience of potential and possibilities, 501 North Hervey Street is an investment that reaps rewards in multiples. It is a distinctive property that has been carefully maintained to promote sustained growth through enduring appeal. The combination of high visibility, the promise of steady income, and the premium location make it an exceptionally enticing prospect for the pragmatic investor. In essence, the shopping center at 501 North Hervey Street is more than just a property – it’s a thriving commercial kingdom waiting for its next monarch. This is an invitation to own a substantial piece of Hope’s pulsating commercial heart. Join the business narrative of Hope, AR, and let your success story unfold.

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Highlights

  • 100% Occupied
  • Strong Rental History
  • Long term agreements
  • New PVC Membrane Roof
  • High Visibility & Traffic Count

Attachments

Getting around

  • 50/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hope, AR
  • Neighborhood Hope
  • Zip Code 71801

Points of Interest

  • Shell

    0.51 miles

  • Shell

    0.53 miles

  • Exxon

    0.75 miles

  • Murphy USA

    1.12 miles

  • Shell

    1.20 miles

  • Little Caesars

    0.23 miles

  • Sonic

    0.40 miles

  • Domino's

    0.43 miles

  • Amigo Juan

    0.53 miles

  • Burger King

    0.64 miles

  • Waffle House

    0.65 miles

  • Taco Bell

    0.67 miles

  • Pizza Hut

    0.70 miles

  • McDonald's

    0.72 miles

  • Wendy's

    0.76 miles

  • Super 1 Foods

    0.32 miles

  • Walmart Supercenter

    1.13 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jason Edington

Jason Edington - Arkadelphia - KW