389 Ar-174 Hope, AR 71801
- Specialty properties
- 120,000 SF
- 24.00 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 389 Ar-174
- Year built
- 1985
- Lot size
- 24.00 lot acres
- Property size
- 120,000 SF
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity in Hope, Arkansas, presents a turnkey poultry operation with significant upside. The property encompasses 24 acres of land, strategically located adjacent to the Foster Farms chicken hatchery and the University of Arkansas Southwest Research and Extension Center. The existing infrastructure includes eight buildings, totaling 120,000-140,000 square feet, featuring four recently renovated (2024) 50x600-foot chicken houses currently operating under a Foster Farms contract. Supporting the operation are two mobile homes for workforce housing and a remodeled 1,734 square-foot main home. Additional improvements include a pole barn and extensive fenced and cross-fenced areas. Built in 1985, the property offers a strong NOI of $137,598 and a compelling 15.29% cap rate, making it an attractive investment for owner-users seeking a high return. The property is offered fee simple with an APN of 001-03770-000. This Class C mixed-use property presents a rare opportunity to acquire a well-established and profitable poultry farm in a prime agricultural location. The asking price is $900,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hope
- County
- Hempstead
- State
- Arkansas
- Longitude
- -93.5555
- Latitude
- 33.7089
