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    1998 College Ave Fayetteville, AR 72703

    For Sale
    $1,060,000

    Restaurant, 4010 sq ft, 1.2 acres

    Property size:
    4,010 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 1998 College Avenue in Fayetteville, Arkansas, presents a unique investment opportunity. Situated on a prominent 1.2-acre lot in a high-traffic area of central Fayetteville (N College Ave/71B), experiencing over 33,000 cars daily, this 4,010 square foot building currently operates as a successful restaurant. The property boasts a fully equipped kitchen and ample seating for 74 patrons (21 tables, 54 chairs). Kitchen equipment is negotiable as part of the sale. The building has undergone significant recent improvements, including a new roof and road improvements completed in 2021, and two new air conditioning units and new flooring installed in 2023. The strategic location benefits from the proximity to a planned high school, promising future growth and increased foot traffic. This property is ideal for a variety of commercial uses, offering a blend of established infrastructure and future potential. The high visibility and convenient location make this a compelling investment opportunity in a thriving Fayetteville market. The asking price is $1,060,000.

    Property Features for 1998 College Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,010 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    1983
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Formosa Chinese Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.15359
    Latitude
    36.08876

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant, 4010 sq ft, 1.2 acres
    Where is this commercial real estate located?
    The property is located at 1998 College Ave Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $1,060,000.
    (479) 274-0662
    Request Owner's contact information
    1998 College Ave Fayetteville, AR 72703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1998 College Ave Fayetteville, AR 72703
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