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    2801 Hazel St Hope, AR 71801

    Sponsored
    For Sale
    $1,800,000

    60,000 SF Warehouse, 22.7 Acres

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property in Hope, Arkansas, presents a significant investment opportunity. The property, formerly occupied by Porter Building Supply Co., boasts a total area of 60,000 square feet, strategically divided into 5,500 square feet of office and retail space and a substantial 54,500 square feet of warehouse space. This versatile layout caters to a wide range of business needs, offering ample room for storage, operations, and administrative functions. The property sits on a generous 22.745-acre lot, providing significant expansion potential or room for outdoor storage. Adding to its appeal is an adjacent 7,000 square foot warehouse, offering further expansion possibilities or potential for separate leasing. The property also includes a unique amenity: an eight-acre lake, providing a tranquil setting and potential recreational opportunities. The asking price for this expansive industrial property is $1,800,000. The property's location in Hope, Arkansas, offers access to key transportation routes and a growing local market. This is a rare opportunity to acquire a large-scale industrial property with significant potential for growth and development. The property is comprised of two units, offering flexibility for various business models. This property is ideal for businesses seeking a substantial footprint in a desirable location.

    Property Features for 2801 Hazel St

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF
    Lot Size
    990,772 SF

    Building Details

    Units
    2

    HighLights

    • $1,800,000 asking price.
    • 60,000 square foot industrial warehouse with 5,500 square feet of office/retail space.
    • Two units on a 22.745‑acre lot in Hope, Arkansas.
    • Located at 2801 N Hazel St, Hope, AR 71801.
    Property Profile Location Intelligence

    Current Use by Public Records

    Millwood Timber Corporation Manufacturer

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel HVAC Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.600293528462
    Latitude
    33.694726673216

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    FAQs

    What type of property is this?
    Distribution property - 60,000 SF Warehouse, 22.7 Acres
    Where is this distribution property located?
    The property is located at 2801 Hazel St Hope, AR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 60,000 square foot industrial warehouse with 5,500 square feet of office/retail space.; Two units on a 22.745-acre lot in Hope, Arkansas.
    Request Owner's contact information
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    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
    2801 Hazel St Hope, AR 71801
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