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2406 N Hervey St 6,436 SF Retail Building Hope, AR 71801 $1,250,000 ($194.22/SF)
Executive Summary
Active Mexican restaurant in Hope, AR. Businesses surrounding it include Walmart Supercenter, Hampton Inn & Suites, Chicken Express, Mcdonald's, Taco Bell and Burger King. The Property has 4,684 SF and sits on 1.04 acres of land. This is also an Outparcel of Walmart Super Center 2019 sales $1,400,000 - 2021 sales $1,200,000. Location was closed for 5 weeks for covid and vacation in 2021.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,436 SF
Building Class
C
Year Built/Renovated
1987/2021
Price
$1,250,000
Price Per SF
$194.22
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.04 AC
Zoning
C - Commercial
Parking
79 Spaces (12.27 Spaces per 1,000 SF Leased)
Frontage
208’ on North Hervey Street
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 700-05154-001-C | Improvements Assessment | $67,590 |
| Land Assessment | $70,690 | Total Assessment | $138,280 |
Property Taxes
Parcel Number
700-05154-001-C
Land Assessment
$70,690
Improvements Assessment
$67,590
Total Assessment
$138,280
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2406 N Hervey St