Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1321 Main St Hope, AR 71801

    Sponsored
    For Sale
    $150,000

    Prime location, vacant retail space. High-return potential.

    Property size:
    2,474 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 1321 S. Main Street in Hope, Arkansas, presents a compelling value-add investment opportunity. The 2,474-square-foot building, classified as Class A, sits on a 5,486-square-foot lot and is currently vacant, offering immediate potential for lease income. The property is zoned for commercial use and features a fully remodeled bathroom with a shower. The asking price is $150,000, translating to $60.63 per square foot. The single-story building includes five parking spaces and a 15x25-foot storage building/garage. Located in a thriving market on S. Main Street, this property is ideal for a variety of retail uses, including pharmacy/drug stores and quick-service restaurants (QSR). The property's vacant status allows for immediate customization to suit a tenant's specific needs, maximizing rental income potential. This is a rare chance to acquire a well-situated, versatile commercial space in a growing Arkansas market. The property's strong location and flexible zoning make it an attractive investment for both experienced and new investors seeking a high-return opportunity.

    Property Features for 1321 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    2,474 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 15' x 25' detached storage building/garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.587931446156
    Latitude
    33.656308082269

    Nearby Similar for Sale

    • $225,000
      3,159 SF

      Medical Office Building on Acreage

      Medical office building with land for sale in Hope, AR.
      405 W 16Th St, Hope, AR 71801
      View Details
    • $849,900
      2,077 SF

      Secluded Farm with Updated Home

      150-acre farm with updated home in Southwest Arkansas.
      6714 Hempstead 3, Hope, AR 71801
      View Details
    • $70,000
      2,100 SF

      Hope, AR Commercial Building/Land

      2,100 SF commercial building on 0.334 acres in Hope, AR.
      612 Spg Lk Rd, Hope, AR 71801
      View Details
    • $349,500
      1,840 SF

      Farm/Estate in HOPE, AR

      Farm/Estate property available for sale in HOPE, AR.
      856 Highway 174 NORTH, Hope, AR 71801
      View Details
    • $159,000
      1,590 SF

      Commercial Building on Corner Lot

      Commercial building with offices, kitchen, and fenced backyard.
      1404 S Main St, Hope, AR 71801
      View Details
    • $149,000
      3,800 SF

      Warehouse with Retail Potential

      3,800 sq ft warehouse with retail space in Hope, AR.
      322 Avenue A St E, Hope, AR 71801
      View Details
    • New
      $1,250,000
      16,000 SF

      Hempstead County Poultry Farm

      45-acre poultry farm with updated broiler houses and mobile home.
      Tbd Hempstead/Highway, Hope, AR 71801
      View Details
    • $199,000
      4,000 SF

      Hope, AR Commercial Property

      4,000 sq ft commercial property suitable for various business types.
      1211 W 3Rd St, Hope, AR 71801
      View Details
    • $275,000
      3,000 SF

      Hope, AR Car Wash Property

      Car wash with building on 1.25 acres for sale.
      1308 &1309 Pne Park Dr, Hope, AR 71801
      View Details
    • $215,000
      4,508 SF

      Mechanic Shop Opportunity in Hope

      Mechanic shop with two buildings and equipment in Hope, AR.
      321 E 3Rd St, Hope, AR 71801
      View Details
    • $2,200,000
      2,905 SF

      Shell Convenience Store For Sale

      2,905 SF Shell station in high-traffic Hope, Arkansas.
      2112 N Hazel St, Hope, AR 71801
      View Details
    • $3,125,000
      90,017 SF

      Value-Add Neighborhood Shopping Center

      Neighborhood shopping center with national and local tenant mix.
      503 N Hervey St, Hope, AR 71801
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime location, vacant retail space. High-return potential.
    Where is this restaurant located?
    The property is located at 1321 Main St Hope, AR.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 15' x 25' detached storage building/garage.; ;
    Request Owner's contact information
    1321 Main St Hope, AR 71801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1321 Main St
    Hope, AR 71801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1321 Main St Hope, AR 71801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.