481 School AveFayetteville, AR 72701

Property Details for 481 School Ave

Year built

1950

Property size (Sq ft)

4,029 SF

Zone code

C-2

Property type

Turn key restaurants

APN

765-22547-000

APU

76522547000

Description

This exceptional turnkey restaurant and coffee shop, located at 481 School Avenue in Fayetteville, Arkansas, presents a unique investment opportunity. Boasting 4,029 square feet, the property enjoys a prime location in Fayetteville, benefiting from its proximity to the Razorback Greenway. The establishment includes a covered patio, perfectly situated to take advantage of the Greenway's foot traffic and outdoor recreation enthusiasts. The property features a fully operational coffee and espresso program, a unique selling point enhanced by a brick wood-fired oven, adding a distinctive culinary element. Two convenient walk-in units provide ample storage space for inventory and supplies. A fully equipped bar is ready for immediate use, adding another revenue stream. All fixtures, furniture, and equipment (FF&E) are included in the sale, ensuring a seamless transition for the new owner. Custom furniture adds to the property's high-end appeal. Note that naming rights are not included in the sale. The property also benefits from its inclusion in the Outdoor Refreshment Area (ORA), providing additional opportunities for outdoor seating and customer engagement. Two RV hookups are available, offering potential for additional revenue or employee amenities. The asking price for this fully operational and well-equipped business is $2,750,000. This is a rare opportunity to acquire a thriving business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $516,287

  6.5%

  $476,572

  7%

  $442,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $726,250

  Geo Method

  $726,250

• Alternative Use

  Use

  Valuation

  Residential

  $402,006

  Hospitality

  $368,236

  Educational

  $306,368

  Medical

  $316,904

  Retail

  $476,572

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.0572

Longitude

-94.1653

CBSA code

22220

CBSA name

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

Property Tax & Assessments

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