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    OFF-MARKET
    Warehouses

    401 Laurel St, Hope, AR 71801-2917

    8,140 SF 0.5 ac lot Built 1950
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1698493
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 401 Laurel St North in Hope, Arkansas, presents a significant opportunity for manufacturing businesses. The property encompasses a substantial 2.07 acres of land, featuring an expansive 18,400 square foot open-sided warehouse/manufacturing building. This versatile space is ideally suited for a variety of industrial applications, offering ample room for production, storage, and operations. The building's open-sided design allows for efficient material handling and flexibility in layout. The property is zoned I-1 Heavy Industrial, ensuring compatibility with a wide range of manufacturing activities. Situated in Hempstead County, Arkansas, with a 71801 zip code, this location offers convenient access to transportation routes and essential infrastructure. The asking price for this prime industrial property is $152,400. This represents a compelling investment opportunity for businesses seeking a well-located, spacious, and functional manufacturing facility in a thriving Arkansas community. The property's size and zoning make it suitable for a variety of industrial uses, providing significant potential for growth and expansion. Don't miss this chance to acquire a substantial industrial asset in a desirable location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1950
    Total area 8,140 SF
    Lot 0.5 ac (21,780 SF)
    APN 700-04046-000-C
    UPID US05-1698493
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Carrington Routon Land Company INC · 9 yrs held
    Carrington Routon Land Company INC
    since 2017
    2 recorded transactions
    2017
    $2,146
    2012
    $3,061
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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