1998 College AveFayetteville, AR 72703

Property Details for 1998 College Ave

Year built

1983

Lot size

1.20 AC

Property size (Sq ft)

4,010 SF

Zone code

C-2

Property type

Turn key restaurants

APN

765-13449-000

APU

76513449000

Description

This exceptional commercial property, located at 1998 College Avenue in Fayetteville, Arkansas, presents a unique investment opportunity. Situated on a prominent 1.2-acre lot in a high-traffic area of central Fayetteville (N College Ave/71B), experiencing over 33,000 cars daily, this 4,010 square foot building currently operates as a successful restaurant. The property boasts a fully equipped kitchen and ample seating for 74 patrons (21 tables, 54 chairs). Kitchen equipment is negotiable as part of the sale. The building has undergone significant recent improvements, including a new roof and road improvements completed in 2021, and two new air conditioning units and new flooring installed in 2023. The strategic location benefits from the proximity to a planned high school, promising future growth and increased foot traffic. This property is ideal for a variety of commercial uses, offering a blend of established infrastructure and future potential. The high visibility and convenient location make this a compelling investment opportunity in a thriving Fayetteville market. The asking price is $1,060,000.

• CAP approach

  CAP return

  Valuation

  6%

  $513,852

  6.5%

  $474,325

  7%

  $440,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,825

  Geo Method

  $722,825

• Alternative Use

  Use

  Valuation

  Residential

  $400,111

  Hospitality

  $366,499

  Educational

  $304,923

  Medical

  $315,410

  Retail

  $474,325

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.0887

Longitude

-94.1535

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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