1723 Chestnut AveFayetteville, AR 72703

Property Details for 1723 Chestnut Ave

Year built

2008

Lot size

0.60 AC

Property size (Sq ft)

1,100 SF

Property type

Commercial real estate

Description

This exceptional 1,100-square-foot lower-level unit presents a compelling investment opportunity in Fayetteville, Arkansas. Located at 1723 N Chestnut Avenue, Unit 201, this property boasts a desirable C2 zoning designation, allowing for versatile commercial or long-term rental use. The unit itself features two spacious bedrooms, two full bathrooms, and impressive 14-foot ceilings, creating a bright and airy atmosphere. Large windows flood the space with natural light, enhancing the open floor plan ideal for various uses. Two dedicated parking spaces are included. Its prime location offers easy access to the Razorback Greenway and the University of Arkansas, ensuring high demand and strong rental potential. This property sits on a 0.6-acre lot and is listed at $295,000. For investors seeking to expand their portfolio, an adjacent 0.23-acre developable lot (MLS #1278249) is available for purchase, presenting the potential for the construction of up to four additional units, significantly increasing the overall return on investment. This combined opportunity offers a unique blend of immediate income generation and future development potential in a thriving Fayetteville location. The property is also listed as a residential unit under a separate MLS number.

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.0851

Longitude

-94.1682

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