501 N Hervey Street $1,350,000

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    501 N Hervey Street Hope, AR 71801

    • 8,400 sq. ft.
    • 0.37 Acres
    • Commercial/Industrial
    • MLS# 24022710
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    Views: 45 Days On Site: 182

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    Property Details

    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.

    • General Features
      • STYLE Traditional
      • Subdivision Metes & Bounds
      • Foreclosure REO NO
      • County Hempstead
      • Business Name Multiple Tenants
      • Business Type Shopping Center
      • Area HEMPSTEAD COUNTY
      • Annual Taxes 2962
    • Building Features
      • EXTERIOR Other (see remarks)
      • HEATING AIR Central Cool-Electric,Central Heat-Electric
      • FLOORS Concrete
      • FOUNDATION Slab
      • UTILITIES Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural, TV-Cable, Telephone-Private
      • ROOF Other (see remarks)
    • Property Features
      • Approx Acreage 0.37
      • ROAD SURFACE Paved

    Contact

    Ron Jones

    Ron Jones

    Broker

    EB00054658

    RE/MAX Affiliates Realty

    Mobile Phone: 501-416-3658

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $1,350,000
    7/4/2024 3:25:53 AM Status Changed Source: Multiple Listing Service New Value: Active
    6/27/2024 1:26:00 PM New in Database Source: Multiple Listing Service New Value: $1,350,000

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    The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity? Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerager firms other than RE/MAX Arkansas, are marked with the Broker Reciprocity? logo and information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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    Data last updated 12/26/2024 5:26:05 AM PST.


    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.