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Auto Shop with Five Service Bays
For Sale
$175,000

321 E 3RD ST, Hope, AR 71801

Commercial / Industrial, Hope, AR

Property Size4,508 SF
Lot Size0.33 Acres
Price / SF$38.82
Days on Market332

Property Features for 321 E 3RD ST

General Information

Property type Commercial Sale
Property subtype Other
Parking 10
Lot features Corner Lot
Directions From US-278 B / N Hervey St turn left onto W 3rd St Destination will be on your right in 0.5 miles
Subdivision HEMPSTEAD COUNTY
Standard status Active
Size 4,508 SF
Lot size 0.33 Acres

Taxes and HOA fees

Tax Description E 2/3 LT BLK 47
Tax Annual Amount 943
Legal Description E 2/3 LT BLK 47

Building Details

Year built 1950
Floors in Building 1
Listing Agency: Walker Realty
Listed By: Janice Walker
Added: Nov 7, 2025 Changed: Oct 5 Last Checked: Oct 5 at 10:06AM
MLS# 25044811

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.

This auto shop combines a 1950 front building with a rear shop addition completed in 2010. The earlier building contains two service bays and an office, while the connected 3,220-square-foot shop adds three overhead doors. Total property size is 4,508 square feet on a 0.33-acre lot. Some equipment is included; an equipment list can be discussed with interested parties.

Key Highlights

  • 4,508‑square‑foot automotive property on 0.33 acres
  • 1950 front building has two service bays and an office
  • Connected 3,220‑square‑foot shop built in 2010

Property Analytics

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Current Use

Reese's Towing and auto ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office HVAC Service Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Service bays

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 78% Dining 22%
Family Dollar Shops & Services
6,369 visits/mo 0.4 miles
Farmers Bank Shops & Services
4,756 visits/mo 0.2 miles
Domino's Pizza Dining
4,509 visits/mo 0.5 miles
Bank OZK Shops & Services
2,798 visits/mo 0.4 miles
Cadence Bank Shops & Services
2,047 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Chavas Autoshop — 1206 S Walnut St, Hope, AR 71801
  • Jumani Tire Service
  • Reynolds Mowers and More — 514 E Hempstead St #54, Hope, AR 71801
  • Bumper To Bumper Certified Service Centers — 300 S Washington St, Hope, AR 71801
  • Madlock's Auto Glass & Body — 921 W 3rd St, Hope, AR 71801

Frequently Asked Questions

What type of property is this?
Auto shop - Attached office space and included equipment support automotive service operations.
Where is this auto shop located?
The property is located at 321 E 3RD ST Hope, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 4,508‑square‑foot automotive property on 0.33 acres; 1950 front building has two service bays and an office; Connected 3,220‑square‑foot shop built in 2010
More about this property
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