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2406 Hervey St Hope, AR 71801

Sponsored
For Sale
$1,250,000

Successful Mexican Restaurant, High-Traffic Area

Property size:
4,684 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This thriving Mexican restaurant in Hope, Arkansas, presents a unique investment opportunity. Located at 2406 N Hervey St, this 4,684 square foot establishment sits on a 1.04-acre lot and enjoys a prime location next to a Walmart Supercenter. The property's high visibility is further enhanced by its proximity to other major businesses including Hampton Inn & Suites, Chicken Express, McDonald's, Taco Bell, and Burger King, ensuring consistent foot traffic and brand recognition. The restaurant boasts a strong sales history, generating $1,400,000 in revenue in 2019 and $1,200,000 in 2021. Note that the 2021 sales figures reflect a five-week closure due to COVID-19 and vacation time. The asking price is $1,250,000, translating to $266.87 per square foot. This is a NNN lease property, offering a single tenancy. The property's size and location make it an ideal investment for experienced restaurateurs or those seeking a profitable venture in a high-demand area. The strong existing brand and loyal customer base provide a solid foundation for continued success and growth. This is a turnkey operation ready for a new owner to step in and continue the legacy. The property is located in Hempstead County, Arkansas, zip code 71801.

Property Features for 2406 Hervey St

General Information

Property type
Restaurants
Square Feet
4,684 SF
Lot Size
45,302 SF

Property Profile Location Intelligence

Current Use by Public Records

Dos Loco Gringos Mexican Restaurant

Suggested Use

Restaurant Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Clothing Store Hotel & Motel Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hope
County
Hempstead
State
Arkansas
Longitude
-93.6139247
Latitude
33.682814

FAQs

What type of property is this?
Restaurant - Successful Mexican Restaurant, High-Traffic Area
Where is this restaurant located?
The property is located at 2406 Hervey St Hope, AR.
What is the asking price?
The asking price for this property is $1,250,000.
More about this property
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