415 2Nd St Hope, AR 71857
- Retail space
- 8,068 SF
- 0.34 lot acres
Current Use by Public Records
- Retail space
Property Details for 415 2Nd St
- Year built
- 1951
- Lot size
- 0.34 lot acres
- Property size
- 8,068 SF
- Property type
- Retail space
- APN
- 700-00201-000-C
- APU
- 70000201000C
Description
This exceptional 1-acre property located at 415 Second Street in Hope, Arkansas, presents a unique investment opportunity. The land is zoned for "Other," offering considerable flexibility for a variety of potential uses. With its expansive 1-acre footprint, this parcel provides ample space for diverse development projects. The property's address, 415 Second Street, places it within convenient reach of local amenities and infrastructure. The asking price for this remarkable opportunity is $178,500. Given the size and location, this property represents a strong potential for future appreciation. Serious inquiries are encouraged to explore the possibilities this land offers. The absence of existing structures allows for complete design freedom, making it an attractive prospect for entrepreneurs and developers alike. Its location in Hope, AR, provides access to a growing community and its associated benefits. This is a rare chance to acquire a significant piece of land in a desirable area, ready for your vision. The property is being offered as-is. Prospective buyers are encouraged to conduct their own due diligence. This 1-acre lot is a blank canvas, waiting for your creative development plans. Don't miss this chance to secure this valuable piece of Hope, Arkansas real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $135,000
- 6.5%
- $140,000
- 7%
- $135,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $145,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $130,000
- Mixed-Use
- $135,000
- Hospitality
- $145,000
- Educational
- $120,000
- Residential Income
- $150,000
- Energy
- $140,000
- Income-Based Land
- $135,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Hope
- County
- Hempstead
- State
- Arkansas
- Longitude
- -93.5875
- Latitude
- 33.6687
- CBSA code
- 26260
- CBSA name
- HOPE, AR MICROPOLITAN STATISTICAL AREA