1009 N Hervey Street
Hope, AR 71801 · MLS 1354985
Property details
- Price
- $539,000
- Square feet
- 6,012
- Lot size
- 1.17 acres
- Year built
- 1984
- Type
- Commercial
- Status
- Active
- Days on market
- 117
- MLS number
- 1354985
About this property
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.
Location
Features
- Lot features
- Central business district