For Sale
$340,000

401 Hervey St Hope, AR 71801

Versatile 5,000 sq ft storefront/auto shop.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional commercial property, located at 401 N Hervey St in Hope, Arkansas, presents a unique investment opportunity. The 5,000 square foot building, constructed in 1994, sits on a 0.364-acre lot and is zoned for commercial warehouse use. Currently vacant, this Class A property offers significant versatility, previously housing an Aaron's Furniture store, demonstrating a proven retail concept. The space includes a separate warehouse area, ideal for storage or additional business operations. The building features a covered drive and benefits from its prime location in Hope's busiest commercial district, ensuring high visibility and accessibility. With a total of one unit spread across a single story, this property is perfect for owner-operators or investors seeking a strong return. The asking price is $340,000, translating to $68 per square foot. This is an excellent chance to acquire a well-situated, adaptable commercial space with significant potential in a thriving Arkansas market. The property's highway frontage ensures excellent exposure to a high volume of traffic. The building's layout and features make it suitable for a variety of commercial uses, including retail, auto repair, or warehousing. Don't miss this chance to own a piece of Hope's vibrant commercial landscape.

Highlights

  • 5,000 SF building on a 0.36-acre lot in Hope, AR's busiest commercial district.
  • Previously housed Aaron's Furniture, demonstrating a successful retail history.
  • High-traffic location with highway frontage.
  • Includes separate warehouse space.

Property Details for 401 Hervey St

Property type
Retail properties, Retail space
Square Feet
5,000 SF
Class
A
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
15,856 SF
Units
1

Location Insight

City
Hope
County
Hempstead
State
Arkansas
Latitude
33.671449129727
Longitude
-93.598053538558

FAQs

What type of property is this?
Retail property - Versatile 5,000 sq ft storefront/auto shop.
Where is the retail property located?
The property is located at 401 Hervey St Hope, AR.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 5,000 SF building on a 0.36-acre lot in Hope, AR's busiest commercial district.; Previously housed Aaron's Furniture, demonstrating a successful retail history.; High-traffic location with highway frontage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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401 Hervey St
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