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    OFF-MARKET
    Retail properties & Spaces

    1321 Main St, Hope, AR 71801

    2,474 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 2,474 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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