




501 N Hervey St, Hope, AR, 71801
About This Home
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 PVC Membrane Roof, a feature that notably enhances the property's value and durability. Practical and aesthetically appealing, these thoughtful renovations reflect careful thought towards longevity. Enveloped within a vibrant commercial district, the property offers easy access to a myriad of businesses and services, making it a preferred destination for shopping enthusiasts. The shopping center capitalizes on the foot traffic that the area sees on an everyday basis, adding to its income potential. Exuding an ambience of potential and possibilities, 501 North Hervey Street is an investment that reaps rewards in multiples. It is a distinctive property that has been carefully maintained to promote sustained growth through enduring appeal. The combination of high visibility, the promise of steady income, and the premium location make it an exceptionally enticing prospect for the pragmatic investor. In essence, the shopping center at 501 North Hervey Street is more than just a property – it's a thriving commercial kingdom waiting for its next monarch. This is an invitation to own a substantial piece of Hope's pulsating commercial heart. Join the business narrative of Hope, AR, and let your success story unfold.
Getting Around
Schools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Other
Interior
Interior Area
- Total structure area: 8,400
- Total interior livable area: 8,400 sqft
Property
Lot
- Lot size: 0.35 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Lightning
- Tornado
- Hail
- Heat Wave
- Strong Wind
- Winter Weather
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance | $2,120 | $25,440 |
| Property Taxes | $539 | $6,468 |
| Electricity | $608 | $7,299 |
| Total | $10,093 | $121,116 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-11 | Listed for sale | $1,350,000 |
