About This Home

This 0-bedroom, 0-bathroom commercial at 501 N Hervey Street in Hope, AR is listed for $1,350,000 ($161 per sqft). Built in 1998, the home offers 8,400 sqft of living space on a 0.37 acres lot.

Key Features

  • Built in 1998
  • 0.37 acre lot
  • 20 parking spaces

Property Details

1 story
20 spaces
1998
Listing Description

Introducing a distinguished and appealing income-producing investment opportunity in the highly sought after commercial district of Hope, AR - a shopping center at 501 North Hervey Street, an address that denotes high visibility and promising potential.

Immerse yourself in the bustling commercial brilliance of the North Hervey Shopping Center, a thriving hub for local commerce and retail businesses. This property is entirely leased by three long-term tenants, offering an investor a steady income stream from moment one.

A proven asset, this shopping center exudes both stability and growth. The exterior of the building stands out amidst its surroundings, promising an inviting and professional atmosphere. The property has been upheld with meticulous attention, maintaining its appeal through the changing times.

It basks in the advantages offered by its premium location, inviting passersby with active pedestrian traffic and serving as a notable landmark in the cityscape. The property has the added benefit of recent improvements, which include a new PVCMembrane Roof, a feature that notably enhances the property's value and durability.

Monthly Cost Estimate

$7,220/mo

20% down · 6.5% · 30 years

Principal$976
Interest$5,850
Insurance$394

Estimates only. Actual payments may vary.

Location

501 N Hervey Street

Hope, AR 71801

Metes & Bounds

Property Details

Flooring

Concrete

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 501 N Hervey Street is listed at $1,350,000 ($161/sqft). The estimated monthly payment is $7,220 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1998, 0.37 acre lot, 20 parking spaces.

This property is listed by Jason Edington.

JE

Jason Edington

Agent at Keller Williams Realty

Listed by Keller Williams Realty · Broker phone: (501) 907-5959

MLS# 24022710· Source: Cooperative Arkansas Realtors Multiple Listing Service· 860 days on PropertySimple

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

501 N Hervey Street, Hope, AR 71801

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