389 Ar-174Hope, AR 71801

Property Details for 389 Ar-174

Year built

1985

Lot size

24.00 AC

Property size (Sq ft)

120,000 SF

Property type

Specialty properties

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity in Hope, Arkansas, presents a turnkey poultry operation with significant upside. The property encompasses 24 acres of land, strategically located adjacent to the Foster Farms chicken hatchery and the University of Arkansas Southwest Research and Extension Center. The existing infrastructure includes eight buildings, totaling 120,000-140,000 square feet, featuring four recently renovated (2024) 50x600-foot chicken houses currently operating under a Foster Farms contract. Supporting the operation are two mobile homes for workforce housing and a remodeled 1,734 square-foot main home. Additional improvements include a pole barn and extensive fenced and cross-fenced areas. Built in 1985, the property offers a strong NOI of $137,598 and a compelling 15.29% cap rate, making it an attractive investment for owner-users seeking a high return. The property is offered fee simple with an APN of 001-03770-000. This Class C mixed-use property presents a rare opportunity to acquire a well-established and profitable poultry farm in a prime agricultural location. The asking price is $900,000.

Location Insight

City

Hope

County

Hempstead

State

Arkansas

Latitude

33.7089

Longitude

-93.5555

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