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Retail Space Near University
For Lease
$23 SF/Yr

509 W Spring Street, Fayetteville, AR 72701

CommercialLease, Fayetteville, AR

Space SizeContact for details
Days on Market93

Property Features for 509 W Spring Street

General Information

Property type Commercial Lease
Property subtype Retail
Lot features Central Business District, City Lot
Directions Corner of Spring St and N West Ave
Standard status Active
Size 3,500 SF

Taxes and HOA fees

Expense value 6563
Expense SecurityDeposit
Expense freq. One Time

Building Details

Year built 2008
Floors in Building 2
Listing Agency: Moses Tucker Partners-Bentonville Branch
Listed By: Zack Kifer · License #SA00076575
Added: Jun 15 Changed: Aug 27 Last Checked: Sep 15 at 5:06AM
MLS# 1352145

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 3,500-square-foot retail space was built in 2008 and is located at 509 W Spring Street in Fayetteville. The property sits near Dickson Street and within the downtown Cultural Arts Corridor, offering a retail setting close to the University of Arkansas.

The surrounding area includes more than 3,000 student-housing beds within a 0.5-mile radius, with another 1,000 beds in development. Nearby co-tenants include Prelude Breakfast Bar, Rolando's Restaurante, Artemis Lounge, Botanical at Metro District, Crown Beauty Bar, Club 509, Hanky Panky Burgers, and CBD American Shaman Kava Bar.

Key Highlights

  • 3,500 SF retail space at 509 W Spring Street
  • Built in 2008
  • Near Dickson Street and the University of Arkansas

Property Analytics

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Current Use

Ozark Escape Fayetteville Arcade & Gaming Center Prelude Breakfast Bar Restaurant Metro District Business Service Center Nwa Talent Society Employment Agency Grove Restaurant

Suggested Use

Top Pick Dental Office Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,374
Businesses Nearby
45k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 65% Dining 35%
Shell Shops & Services
12,158 visits/mo 0.5 miles
Chipotle Mexican Grill Dining
8,916 visits/mo 0.1 miles
Chase Bank Shops & Services
8,069 visits/mo 0.1 miles
Arvest Bank Shops & Services
5,559 visits/mo 0.4 miles
AutoZone Shops & Services
3,639 visits/mo 0.5 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Fayetteville, AR

$22.72 /SF/Yr
Avg Asking Price
$10–$36 /SF/Yr
Price Range
4,514 SF
Avg Space Size

This space is priced 1% above the average of $22.72 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Located near Dickson Street and the University of Arkansas within Fayetteville’s Cultural Arts Corridor.
Where is this retail space located?
The property is located at 509 W Spring Street Fayetteville, AR.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: 3,500 SF retail space at 509 W Spring Street; Built in 2008; Near Dickson Street and the University of Arkansas
More about this property
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