Brick Medical Office
For Sale
$225,000
405 W 16th Street, Hope, AR 71801
COMMERCIAL - Hope, AR
Property Size3,159 SF
Lot Size0.82 Acres
Price / SF$71.23
Days on Market391
Property Features for 405 W 16th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, Office and Industrial
Parking
10
Interior features
In-Unit Bathroom, Showers
Exterior features
Landscaping
Lot features
City Lot
Directions
next door to ACCESS MEDICAL CLINIC off 16th Street.
Subdivision
HEMPSTEAD COUNTY
Standard status
Active
Size
3,159 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Description
see attachment
Legal Description
see attachment
Building Details
Year built
1979
Floors in Building
1
Flooring type
Carpet - Partial, Vinyl
Roof type
Composition
Listing Agency:
Lance & Associates Real Estate
(870) 777-1420
Listed By:
Lindsey Townsend
(870) 299-1971
Added: Aug 6, 2025
Changed: Aug 4
Last Checked: Aug 31 at 12:06AM
MLS# 25031525
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick veneer and frame medical office structure reportedly constructed in 1979, supported by a concrete foundation. The building is described as having composition shingle roofing (unknown age and condition), carpet and vinyl flooring, and interior in-unit bathroom and showers. Per appraisal, the property includes approximately 3,159 SF of leasable area, plus a 102 SF equipment room and a 90 SF rear entry/enclosed area.
The site is improved with concrete parking and drives, concrete walks, grassy areas, and established landscaping. The property is described as 0.817 acre per appraisal. The appraisal also notes that a small portion of the site is owned in fee simple as the building footprint and rear of the building/drive, along with a 2/3’s interest in the parking/drive that was adjusted on a separate line due to non-100% ownership.
Exterior finishes include brick exterior, with landscaping called out among the site improvements.
The site is improved with concrete parking and drives, concrete walks, grassy areas, and established landscaping. The property is described as 0.817 acre per appraisal. The appraisal also notes that a small portion of the site is owned in fee simple as the building footprint and rear of the building/drive, along with a 2/3’s interest in the parking/drive that was adjusted on a separate line due to non-100% ownership.
Exterior finishes include brick exterior, with landscaping called out among the site improvements.
Key Highlights
- Approximately 3,159 SF of leasable area per appraisal
- 102 SF equipment room per appraisal
- 90 SF rear entry/enclosed area per appraisal
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71801, AR
14,991
Population
6,900
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
297.7 sq mi
ZIP Area
50
Density / Sq Mi
$47,723
Median Household Income
$37,035
Median Earnings
$775
Median Rent
$98,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Frame and brick veneer medical office with composition shingle roof and concrete parking and drives on an improved site.
Where is this medical office space located?
The property is located at 405 W 16th Street Hope, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Approximately 3,159 SF of leasable area per appraisal; 102 SF equipment room per appraisal; 90 SF rear entry/enclosed area per appraisal
