1901 Laurel StHope, AR 71801

Property Details for 1901 Laurel St

Year built

1974

Lot size

1.96 AC

Property size (Sq ft)

28,835 SF

Property type

Hospitals

APN

700-00808-000-C

APU

70000808000C

Description

This vacant, 28,835-square-foot nursing home presents a unique investment opportunity in Hope, Arkansas. Located at 1901 S Laurel St, this single-story, 100-bed facility sits on a 1.96-acre lot (APN 700-00808-000-C) and is zoned R-2. Built in 1974, the property is fully furnished and ready for immediate use. The building features a sprinkler system and previously housed 50 single-unit rooms, each accommodating two beds. The asking price is $900,000, translating to $31.21 per square foot. This property offers significant potential for redevelopment or repurposing within the senior living sector or for alternative uses permitted under the R-2 zoning. The property is currently vacant, providing immediate access for renovations or operational changes. Its substantial size and existing infrastructure make it an attractive proposition for investors seeking a turnkey project in a well-established Arkansas community. The property's location in Hope, AR, zip code 71801, offers convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a large-scale property with significant potential in a growing market.

Location Insight

City

Hope

County

Hempstead

State

Arkansas

Latitude

33.6497

Longitude

-93.5857

CBSA code

26260

CBSA name

HOPE, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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