1211 3Rd StHope, AR 71801

Property Details for 1211 3Rd St

Year built

1983

Lot size

0.48 AC

Property size (Sq ft)

4,000 SF

Property type

Auto shops

APN

700-04486-000-C

APU

70004486000C

Description

This exceptional commercial property, located at 1211 3rd Street in Hope, Arkansas, presents a unique investment opportunity. The 0.48-acre lot offers significant potential for a variety of business ventures. Its strategic location within the vibrant Hope community ensures high visibility and accessibility, making it an ideal site for a thriving enterprise. The property's size provides ample space for development, allowing for flexibility in design and functionality to suit diverse business needs. Whether you envision a retail establishment, office space, or a mixed-use development, this lot provides the foundation for success. The asking price of $229,000 represents a compelling value in the current market, offering a strong return on investment for the discerning buyer. This is a rare chance to acquire a prime commercial lot in a growing Arkansas town. The property's potential is limited only by your imagination and entrepreneurial spirit. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. Act quickly, as opportunities like this are seldom available. The property is ready for immediate development, allowing for a swift transition from purchase to operation. This is an excellent chance to establish a strong presence in a thriving community. Don't miss this chance to secure your future in Hope, Arkansas.

• CAP approach

  CAP return

  Valuation

  6%

  $1,294,932

  6.5%

  $1,195,322

  7%

  $1,109,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,474,316

  Geo Method

  $721,022

• Alternative Use

  Use

  Valuation

  Residential

  $1,008,299

  Hospitality

  $923,596

  Educational

  $768,421

  Medical

  $794,849

  Retail

  $1,195,322

Location Insight

City

Hope

County

Hempstead

State

Arkansas

Latitude

33.6648

Longitude

-93.6048

CBSA code

26260

CBSA name

HOPE, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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