About This Home

This 0-bedroom, 0-bathroom commercial at 405 W 16th Street in Hope, AR is listed for $225,000 ($71 per sqft). Built in 1979, the home offers 3,159 sqft of living space on a 0.82 acres lot.

Key Features

  • Built in 1979
  • 0.82 acre lot
  • 10 parking spaces

Property Details

1 story
10 spaces
1979
Listing Description

- Formally Dr. Garrett's medical office. - Built in 1979. - Approximately 3,159 SF of leasable area, with 102 SF of equipment room, and 90 SF at the rear entry/enclosed area, per appraisal. - Tax ID: 070-05613-000-C and 070-05613-002-C. - 0.817 acre, per appraisal.

- Per appraisal: The structure was reportedly built in 1979, and past roof leaks were apparent at interior ceiling tiles, etc. The property includes a small portion of the site that is the footprint and rear of the building/drive owned in fee simple ownership and the 2/3's interest in the parking/drive was adjusted at a separate line, since the ownership is not 100%.

- Per appraisal, Site Improvements: The site is improved with a frame and brick veneer medical office structure that reportedly was constructed in 1979. Site improvements include concrete parking and drives, concrete walks, grassy areas and established landscaping. The parking area/drive and landscaping appear to be located on the portion of the property that is owned as 2/3's undivided interest. - Roof: Composition shingles - unknown age/condition. - Concrete foundation. Brick Exterior. - SEE ATTACHMENT

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

405 W 16th Street

Hope, AR 71801

Features & Amenities

Interior Features

In-Unit BathroomShowers

Exterior Features

Landscaping

Property Details

Flooring

Carpet - PartialVinyl

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 405 W 16th Street is listed at $225,000 ($71/sqft). The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1979, 0.82 acre lot, 10 parking spaces. Interior Features: In-Unit Bathroom, Showers. Exterior Features: Landscaping.

This property is listed by Lindsey Townsend.

LT

Lindsey Townsend

Agent at Lance & Associates Real Estate

Listed by Lance & Associates Real Estate · Broker phone: 8707771420 · Broker website

MLS# 25031525· Source: Cooperative Arkansas Realtors Multiple Listing Service· 448 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.

405 W 16th Street, Hope, AR 71801

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