Profitable Shopping Center Investment
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501 N Hervey St, Hope, AR 71801
Income-producing shopping center in Hope, AR with long-term tenants.
Property Size8,400 SF
Price / SF$160.71
Days on Market181
Property Features for 501 N Hervey St
General Information
Standard status
Active
Size
8,400 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Gross
Investment Type
Core
Net Operating Income
$80,444
Building Details
Buildings
1
Stories
1
Units
3
Listing Agency:
Keller Williams Realty
(870) 210-1445
Listed By:
Jason Edington · License #AR EB00056069
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
Located in the commercial district of Hope, AR, the shopping center at 501 North Hervey Street offers an income-producing investment opportunity. The North Hervey Shopping Center is a hub for local commerce and retail businesses. The property is fully leased by three long-term tenants, providing a steady income stream. The exterior of the building offers an inviting and professional atmosphere. The property has been maintained with attention to detail. Its location provides high visibility with active pedestrian traffic. Recent improvements include a new PVC Membrane Roof, enhancing the property’s value and durability. The property offers easy access to businesses and services, making it a destination for shoppers and capitalizing on the area's foot traffic. The property has been maintained to promote sustained growth. The combination of high visibility, steady income, and the location make it an appealing prospect. The property size is 8,400 square feet.
Key Highlights
- Fully leased by three long‑term tenants, providing immediate and steady income stream.
- Premium location in a high‑visibility commercial district with active pedestrian traffic.
- Recent improvements, including a new PVC Membrane Roof, enhancing value and durability.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
239k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 34%
Superstores 20%
Groceries 8%
Walmart
Superstores
48,085 visits/mo
0.5 miles
Exxon
Shops & Services
31,371 visits/mo
0.1 miles
McDonald's
Dining
30,616 visits/mo
0.1 miles
Wendy's
Dining
20,812 visits/mo
0.1 miles
Murphy USA
Shops & Services
18,656 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
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Hope Village Shopping Center — E 3rd St, Hope, AR 71801
- North Hervey Street Shopping Center — 535 N Hervey St, Hope, AR 71801
Frequently Asked Questions
What type of property is this?
Shopping center - Income-producing shopping center in Hope, AR with long-term tenants.
Where is this shopping center located?
The property is located at 501 N Hervey St Hope, AR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully leased by three long‑term tenants, providing immediate and steady income stream.; Premium location in a high‑visibility commercial district with active pedestrian traffic.; Recent improvements, including a new PVC Membrane Roof, enhancing value and durability.
