About This Home

This 0-bedroom, 0-bathroom commercial at 1009 N Hervey Street in Hope, AR is listed for $539,000 ($90 per sqft). Built in 1984, the home offers 6,012 sqft of living space on a 1.17 acres lot.

Key Features

Built in 1984
1.17 acre lot

Property Details

1984

Listing Description

This fully-leased, three-tenant retail center at 1009 N Hervey St offers investors a rare combination of strong in-place income and an outstanding 11% cap rate. The 6,000 SF building is 100% occupied by a mix of national, regional, and local tenants, providing built-in diversification and reduced rollover risk.

All leases are structured as NNN or modified gross, minimizing landlord responsibilities and supporting stable, low-management cash flow. The sale also includes an adjacent 0.83-acre vacant lot behind the building, offering future expansion, outparcel development, or additional parking potential. Positioned along a well-traveled Hervey Street corridor in Hope, Arkansas, this is a turnkey investment opportunity for a buyer seeking dependable returns with upside.

Monthly Cost Estimate

$2,883/mo

20% down · 6.5% · 30 years

Principal$390

Interest$2,336

Insurance$157

Estimates only. Actual payments may vary.

Location

1009 N Hervey Street

Hope, AR 71801

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1009 N Hervey Street is listed at $539,000 ($90/sqft). The estimated monthly payment is $2,882 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984, 1.17 acre lot.

This property is listed by Jeff Pederson.

Jeff Pederson

License SA00067378

Agent at Lindsey & Associates, Inc

1009 N Hervey Street, Hope, AR 71801