Office Space - For Sale
2510 North Hervey Street Hope, AR 71801
Details & Description
Price: $1,160,847
  • Property Type Office for Sale : Medical
  • Lot Size Acres 1.000
  • Building Sq Ft 7,032
  • Building Price per Sq Ft $165.08
  • Land Sq Ft 43,560
  • Land Price per Sq Ft $26.65
• MED Southwest, PLLC, dba MyEyeDR., has more than 6 years remaining on their initial lease term with two 7-year options to extend• Recent construction - built in 2017 and includes a tenant investment from MyEyeDr. of more than $1M in property upgrades to this building, demonstrating their long-term commitment to this site• The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation• Tenant pays for CAM, taxes, insurance and maintains most of the premises• Landlord responsibilities limited to roof, structure and HVAC• Ideal, management-free investment for a passive investor
Listing Agents
Sheree Strome

O: 470-344-2490
M: 770-617-2149
sheree.strome@srsre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2510 North Hervey Street

Hope, AR 71801

Listing ID: 254801
$1,160,847
For Sale
  • Property Type Office for Sale : Medical
  • Lot Size Acres 1.000
  • Building Sq Ft 7,032
  • Building Price per Sq Ft $165.08
  • Land Sq Ft 43,560
  • Land Price per Sq Ft $26.65
  • 2510 North Hervey Street Hope, AR 71801 | for Sale | Photo 1
  • 2510 North Hervey Street Hope, AR 71801 | for Sale | Photo 2
  • 2510 North Hervey Street Hope, AR 71801 | for Sale | Photo 3
2510 North Hervey Street | for Sale | Thumbnail 1
2510 North Hervey Street | for Sale | Thumbnail 2
2510 North Hervey Street | for Sale | Thumbnail 3
Description

• MED Southwest, PLLC, dba MyEyeDR., has more than 6 years remaining on their initial lease term with two 7-year options to extend

• Recent construction - built in 2017 and includes a tenant investment from MyEyeDr. of more than $1M in property upgrades to this building, demonstrating their long-term commitment to this site

• The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation

• Tenant pays for CAM, taxes, insurance and maintains most of the premises

• Landlord responsibilities limited to roof, structure and HVAC

• Ideal, management-free investment for a passive investor

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 

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Hope Area Market Trends

Listing Demographics for 2510 North Hervey Street Hope, AR 71801

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7567,02010,188
Population Median Age343736
Population by Age0-9 Yrs69 (9%)908 (12%)1587 (15%)
10-19 Yrs156 (20%)1120 (15%)1533 (15%)
20-29 Yrs162 (21%)974 (13%)1283 (12%)
30-39 Yrs52 (6%)764 (10%)1146 (11%)
40-49 Yrs164 (21%)1132 (16%)1475 (14%)
50-59 Yrs68 (8%)975 (13%)1321 (12%)
60-69 Yrs44 (5%)531 (7%)847 (8%)
70+ Yrs41 (5%)616 (8%)997 (9%)
Median HH Income$36,966$36,658$38,374
Total Household Income< 24K121 (44%)743 (30%)1091 (30%)
25-49K67 (24%)777 (31%)1005 (28%)
50-74K68 (24%)507 (20%)726 (20%)
75-99K5 (1%)255 (10%)401 (11%)
100-199K13 (4%)177 (7%)297 (8%)
200K+0 (0%)13 (0%)38 (1%)
Highest Education LevelNo Diploma17711561542
Diploma or GED16017152264
Some College548761347
Assoc. Degree8330512
Bachelors Degree16256486
Higher Degree499193
Total Housing Units3563,4104,738
--Owner-Occupied1671,2821,952
--Renter-Occupied1071,1901,607
Owner-Occupied Values< 100K1339561340
100-199K32268490
200-299K04483
300-399K017
400-499K1515
500K+0816
Total Working Age Population5565,3117,515
In Work Force4143,3694,566
Not In Work Force1421,9432,949
Workforce Employed3893,1894,325
Workforce Unemployed25180240
Civlian Workforce4143,3694,566
Military Workforce000
Total Households2742,4723,558
Family Households1961,7432,529
Non-Family Households787291,029
Married Couple848821,358
Other Family1118621,170
Married w/Child39359538
Single Male w/Child31183221
Single Female w/Child66361558

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Arkansas2,673,400+92,915,918+53,072,430+63,271,344
Hempstead County23,587-422,609-122,471022,471

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Bill & Hillary Clinton National Airport/Adams Field (LIT) 107
Fort Smith Regional Airport (FSM) 122
Monroe Regional Airport (MLU) 122
Listing Agent
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