Renovated Historic Office
For Lease
$13 SF/Yr
221 College Avenue, Fayetteville, AR 72701
COMMERCIAL - Fayetteville, AR
Space Size5,960 SF - 11,900 SF
Lot Size0.24 Acres
Days on Market10
Property Features for 221 College Avenue
General Information
Property type
Commercial Lease
Property subtype
Office
Rooms
Basement
Subdivision
Fayetteville Original
Lot features
Central Business District, City Lot
Directions
From North Fayetteville, go south to just past the intersection at Dickson Street. The property is no the right (west side) about 1/2 block south of that intersection
Standard status
Active
Size
5,935 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
9312
Expense value
10000
Expense
SecurityDeposit
Expense freq.
One Time
Building Details
Year built
1920
Listing Agency:
Coldwell Banker Harris McHaney & Faucette -Fayette · Coldwell Banker Real Estate
(479) 521-0220
Listed By:
George Faucette, Jr · License #EB00001940
(479) 530-1548
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 6 at 2:06AM
MLS# 1357055
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated historic office building was originally constructed in about 1920 and converted into offices for a law firm in 1989, with a further renovation completed in 2021. The layout includes three finished levels and office-focused rooms such as 11–12 offices, two conference rooms, two staff work areas, three bathrooms, and a kitchen. Much of the woodwork on the main level is original, preserving historic character while supporting professional use.
The property sits on a 0.241-acre lot at 221 College Avenue in Fayetteville, within about 100 feet of the Washington County Courthouse and the WC courthouse annex. It is also about a five-minute walk from the downtown Fayetteville Square and the Dickson Street entertainment center.
The building contains approximately 5,960 SF. The listing also indicates that 215 N. College (MLS #1337274) is available for lease and is connected to this building by an interior, secure hallway, allowing the two buildings to be leased together. The property includes 12–13 parking spaces on site.
The property sits on a 0.241-acre lot at 221 College Avenue in Fayetteville, within about 100 feet of the Washington County Courthouse and the WC courthouse annex. It is also about a five-minute walk from the downtown Fayetteville Square and the Dickson Street entertainment center.
The building contains approximately 5,960 SF. The listing also indicates that 215 N. College (MLS #1337274) is available for lease and is connected to this building by an interior, secure hallway, allowing the two buildings to be leased together. The property includes 12–13 parking spaces on site.
Key Highlights
- Originally built about 1920; converted to offices in 1989 and renovated again in 2021
- Three finished levels with 11–12 offices, two conference rooms, two staff work areas
- Much of the main‑level woodwork is original
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
Market
Lease Benchmarks for Fayetteville, AR
$24 /SF/Yr
Avg Asking Price
$13–$35 /SF/Yr
Price Range
13,818 SF
Avg Space Size
This space is priced 46% below the average of $24 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated historic office building with three finished levels, original main-level woodwork, and nearby downtown courthouse access.
Where is this office building located?
The property is located at 221 College Avenue Fayetteville, AR.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Originally built about 1920; converted to offices in 1989 and renovated again in 2021; Three finished levels with 11–12 offices, two conference rooms, two staff work areas; Much of the main‑level woodwork is original
