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Office Space with Reception Area
For Lease
$1,900/Mo

516 E Millsap Road, Fayetteville, AR 72703

CommercialLease, Fayetteville, AR

Space SizeContact for details
Days on Market186

Property Features for 516 E Millsap Road

General Information

Property type Commercial Lease
Property subtype Office
Parking features Parking Lot
Subdivision CMN Business Park
Lot features Business Park, City Lot
Directions 71B, West on Millsap, property on Right, red brick building.
Standard status Active
Size 701 SF

Taxes and HOA fees

Expense value 1900
Expense SecurityDeposit
Expense freq. One Time

Amenities

Reception area
break room

Building Details

Year built 2000
Floors in Building 2
Listing Agency: Lindsey & Associates Inc
Listed By: Jeremy Kennedy · License #SA00059336
Added: Feb 18 Changed: Aug 19 Last Checked: Aug 23 at 1:06PM
MLS# 1336318

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.

Office space at 516 E Millsap Road in Fayetteville, AR offers a reception area plus two large offices and a break room. The property includes a parking lot for tenant use. Building improvements include a year built of 2000, and the available space is 701 square feet.

The location provides convenient access to I-49, supporting easy arrival for staff and visitors.

Ideal for professional services needing a reception function and multiple private offices, the layout is built around welcoming front-of-house space followed by separate office rooms and an employee break room.

Key Highlights

  • 701 SF office space at 516 E Millsap Road, Fayetteville, AR 72703
  • Reception area plus 2 large offices
  • Break room for everyday tenant use

Property Analytics

Current Use

Hawkins-Weir Engineers, Inc. Engineering Consultant HoganTaylor LLP Accounting Firm Wheeler Holly Insurance Agency Schneider Electric Production Facility Arvest Private Banking Financial Advisor

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,658
Businesses Nearby

Demographics for 72703, AR

33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value

Market

Lease Benchmarks for Fayetteville, AR

$25.23 /SF/Yr
Avg Asking Price
$10–$69.9 /SF/Yr
Price Range
3,441 SF
Avg Space Size

This space is priced 29% above the average of $25.23 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space with a reception area, two large offices, and a break room with parking lot access and convenient I-49 access.
Where is this office units located?
The property is located at 516 E Millsap Road Fayetteville, AR.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: 701 SF office space at 516 E Millsap Road, Fayetteville, AR 72703; Reception area plus 2 large offices; Break room for everyday tenant use
More about this property
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