501 N Hervey Street Hope, AR $ 1,350,000
501 N Hervey Street
$ 1,350,000
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501 N Hervey Street

Hope, AR, 71801
$ 1,350,000
Bedrooms-- Baths-- Sq 8,400

Monthly Estimate*

$ 9,324

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Commercial Property for sale in Hope, AR

for $1,350,000. This 8,400 square foot building was built in 1998 on a lot size of 0.37.

Introducing a distinguished and appealing income-producing investment opportunity in the highly sought after commercial district of Hope, AR – a shopping center at 501 North Hervey Street, an address that denotes high visibility and promising potential. Immerse yourself in the bustling commercial brilliance of the North Hervey Shopping Center, a thriving hub for local commerce and retail businesses. This property is entirely leased by three long-term tenants, offering an investor a steady income stream from moment one. A proven asset, this shopping center exudes both stability and growth. The exterior of the building stands out amidst its surroundings, promising an inviting and professional atmosphere. The property has been upheld with meticulous attention, maintaining its appeal through the changing times. It basks in the advantages offered by its premium location, inviting passersby with active pedestrian traffic and serving as a notable landmark in the cityscape. The property has the added benefit of recent improvements, which include a new PVCMembrane Roof, a feature that notably enhances the property’s value and durability.

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Commercial Active

Price

$ 1,350,000

Property Type

Commercial

Taxes

$ 2,962

Style

Traditional

Lot Size

0.37

Year Built

1998

Town/City

Hope

County/Region

Hempstead

MLS | Web ID

24022710

Features
General
Heating Central Cool-Electric Central Heat-Electric
Utilities Electric-Municipal Gas-Natural Sewer-Public Telephone-Private TV-Cable Water-Public
Roof Other (see remarks)
Year Built 1998
Tenant Pays All Utilities
Subdivision Metes & Bounds AR
Style Traditional
Stories Count One Story
County Hempstead
Class Commercial / Industrial
Type Building and Land
Business Type Shopping Center
Business Name Multiple Tenants
Tax Year 2023
Inside City Limits Yes
Status Active
Status Detail 0
Docs on File Boundary Survey Legal Description
Primary City Hope
Directions Exit 30 to Hervey Street Turn left onto US-278 E/N Hervey St
City Hope
Sale/Lease For Sale
DOM 223
Postal Code 71801
Price Per Sq Ft Total AG 160.71
Public Remarks Introducing a distinguished and appealing income-producing investment opportunity in the highly sought after commercial district of Hope AR – a shopping center at 501 North Hervey Street an address
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Exterior
Exterior Other (see remarks)
Road Surface Paved
Foundation Slab
Lot Size Area 0.37
Lot Dimensions .37
Lot Level City Lot
Parking 20
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Interior
Floors Concrete
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* Excluded Features
List By
Jason Edington

Listing Agent

Keller Williams Realty Hot Springs

Broker

JasonEdington@kw.com

Email

Affordability Calculator

$9,571
Per Month
97%
3%
0%
Monthly Principal & Interest
$9,324
Monthly Property Taxes
$247
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
886427 Elementary School
886671 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/2/2026$1,350,000 Listed Price

Map


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501 N Hervey Street, Hope, AR, 71801 is a Commercial Property for sale at $1,350,000 with 8,400 sqft and a lot size of 0.37. 501 N Hervey Street was built in 1998. The property's zip code is 71801 which is in Hope, AR