1600 Elm St Hope, AR 71801

This exceptional mixed-use investment property, located at 1600 S. Elm St, Hope, AR 71801, presents a compelling opportunity. The 3,050 square foot, Class A building, constructed in 1992, features a duplex configuration ideal for generating immediate income. Currently, one 1,525 sq ft unit is occupied by a medical supply company, providing a steady stream of rental revenue. The second, equally sized unit is vacant, offering significant upside potential in this growing market. The property boasts a desirable location in a high-traffic area, further enhancing its investment appeal. The 0.574-acre lot includes 10 parking spaces and offers additional development possibilities. Recent improvements include a new roof and exterior paint. Furthermore, the property presents the potential for additional revenue streams, including a possible cell tower lease. The asking price is $225,800, translating to $74.03 per square foot. The property is zoned for commercial retail use and is a single-owner property. This two-story building is a value-add opportunity with existing commercial tenants. The property is currently 50% occupied.