3-Tenant Shopping
For Sale
$1,350,000
501 N Hervey Street, Hope, AR 71801
Commercial / Industrial, Traditional, Hope, AR
Property Size8,400 SF
Lot Size0.37 Acres
Price / SF$160.71
Days on Market863
Property Features for 501 N Hervey Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Subdivision
Metes & Bounds
Lot features
Level, City Lot
Directions
Exit 30 to Hervey Street, Turn left onto US-278 E/N Hervey St
Standard status
Active
APN
700-05067-002
Size
8,400 SF
Lot size
0.37 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2023
Tax Description
28-12-24 HOPE CITY METES & BOU
Tax Annual Amount
2962
Legal Description
28-12-24 HOPE CITY METES & BOU
Building Details
Year built
1998
Floors in Building
1
Flooring type
Concrete
Architectural style
Other
Listing Agency:
Keller Williams Realty Hot Springs
(501) 907-5959
Listed By:
Jason Edington · License #AB56069,ARKANSAS
(870) 210-1445
Added: Jun 27, 2024
Changed: Nov 2
Last Checked: Nov 6 at 5:06AM
MLS# 24022710
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,400-square-foot shopping center at 501 N Hervey Street in Hope contains three tenant spaces, all leased to long-term occupants. Built in 1998, the property has concrete flooring and a recently installed PVC membrane roof.
The center occupies a 0.37-acre site in Hempstead County, Arkansas.
The center occupies a 0.37-acre site in Hempstead County, Arkansas.
Key Highlights
- Fully leased to three long‑term tenants
- 8,400‑square‑foot shopping center on 0.37 acres
- Recent PVC membrane roof installation
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
68k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 28%
Groceries 27%
Home Improvements & Furnishings 12%
Super 1 Foods & Pharmacy
Groceries
18,206 visits/mo
0.3 miles
SONIC Drive In
Dining
10,724 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,853 visits/mo
0.1 miles
Dollar General
Shops & Services
5,722 visits/mo
0.0 miles
Domino's Pizza
Dining
4,509 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
- Expo Shopping Center — 1301 N Hervey St, Hope, AR 71801
Frequently Asked Questions
What type of property is this?
Shopping center - Three long-term occupants currently lease the full property in Hope, Arkansas.
Where is this shopping center located?
The property is located at 501 N Hervey Street 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 to three long‑term tenants; 8,400‑square‑foot shopping center on 0.37 acres; Recent PVC membrane roof installation
