Fayetteville Land Ready for
For Sale
$675,000
797 Cherry Lane, Fayetteville, AR 72701
LAND - Fayetteville, AR
Property SizeContact for details
Lot Size1.02 Acres
Days on Market247
Property Features for 797 Cherry Lane
General Information
Property type
Land
Property subtype
Other
Subdivision
Fayetteville Outlots
Lot features
City Lot, Open Lot, Level
Elementary school district
Fayetteville
Middle school district
Fayetteville
High school district
Fayetteville
Directions
Left on S Cherry Ln from Huntsville, Property on left hand side
Standard status
Active
APN
765-15206-000
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
PT NE NW 1.02 AC
Tax Annual Amount
1112
Legal Description
PT NE NW 1.02 AC
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Infinity Real Estate Group
(479) 935-2093
Listed By:
Milton Lamar · License #SA00083892
(479) 935-2093
Added: Dec 19, 2025
Changed: Apr 15
Last Checked: Aug 23 at 1:06AM
MLS# 1331152
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 1.02-acre parcel is zoned RI-U, which allows for zero-lot-line construction and flexible design options without density restrictions. The site has been cleared and prepped, featuring a construction entrance, erosion controls, and tree-preservation barriers. City approval has been secured for a 20-unit townhouse project, and the existing engineering plans can be transferred to the buyer or customized to suit specific needs. Utilities are already available on site, including water, sewer, and electricity. Located approximately ten minutes from both the University of Arkansas and downtown Fayetteville, the property is positioned to capitalize on rental demand from students and professionals. The area exhibits low vacancy rates and steady rent growth. This shovel-ready site is designed to reduce development costs and accelerate project timelines, presenting a development opportunity with the potential for a strong return on investment, long-term appreciation, and multiple exit strategies in a high-growth market. The intended use of the property is for residential development.
Key Highlights
- Approved for 20‑unit townhouse project with transferable/customizable engineering plans.
- Shovel‑ready site with utilities (water, sewer, electricity) on site, reducing development costs and accelerating timelines.
- Zoned RI‑U with no density restrictions, allowing zero‑lot‑line construction and flexible design.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Cleared land near University of Arkansas, ready for development.
Where is this residential land & home lot located?
The property is located at 797 Cherry Lane Fayetteville, AR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approved for 20‑unit townhouse project with transferable/customizable engineering plans.; Shovel‑ready site with utilities (water, sewer, electricity) on site, reducing development costs and accelerating timelines.; Zoned RI‑U with no density restrictions, allowing zero‑lot‑line construction and flexible design.
