1321 Main St Hope, AR 71801
- Retail properties
- 2,474 SF
Current Use by Public Records
- Retail properties
Property Details for 1321 Main St
- Property size
- 2,474 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hope
- County
- Hempstead
- State
- Arkansas
- Longitude
- -93.5879
- Latitude
- 33.6563
