Mixed-Use Hospitality
For Sale
$1,750,000
Pending
1150 N College Avenue, Fayetteville, AR 72703
Combines short-term lodging with two established food-and-beverage tenants under one roof.
Property Size4,962 SF
Days on Market87
Property Features for 1150 N College Avenue
General Information
Standard status
Pending
Size
4,962 SF
Property subtype
Hotel/Motel
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,353
Building Details
Building Size
4,962 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Hat Rack Real Estate
Listed By:
Christopher Allcorn · License #SA00089658
(479) 466-8829
Source:
1percentlistsarkansas
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 12 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hat Rack Real Estate
Investment Insights
Based on property information with market context.
This mixed-use hospitality property at 1150 N College Ave in Fayetteville, Arkansas, brings together an eight-unit short-term rental operation and two established food-and-beverage tenants. The 4,962-square-foot property was built in 1950 and is currently operating with multiple commercial and lodging components.
The tenant lineup includes Sidecar, identified as a cocktail lounge, and Café Rue Orleans. Commercial leases, nightly short-term rental activity, and the two food-and-beverage operations create three distinct operating components within the property. The asset is positioned along N College Avenue, described as one of Fayetteville’s primary north–south corridors.
The tenant lineup includes Sidecar, identified as a cocktail lounge, and Café Rue Orleans. Commercial leases, nightly short-term rental activity, and the two food-and-beverage operations create three distinct operating components within the property. The asset is positioned along N College Avenue, described as one of Fayetteville’s primary north–south corridors.
Key Highlights
- Eight‑unit short‑term rental operation
- 4,962‑square‑foot mixed‑use property built in 1950
- Two established food‑and‑beverage tenants under one roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,566
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,320
$1.3M
Cap Rate 7%
$893,800
$893.8K
Cap Rate 9%
$695,178
$695.2K
Market Conditions
NOI Build-Up for 4,962 SF
Gross rent
$89.3K $18.00/SF
− Vacancy
−$5.9K −$1.19/SF
EGI
$83.4K $16.81/SF
− OpEx
−$20.9K −$4.20/SF
NOI
$62.6K $12.61/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,320
Cap Rate 7%
$893,800
Cap Rate 9%
$695,178
Alternative Uses
Best Use
Specialty Retail
$893.8K
$782.1K – $1.04M
NOI $62,566 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$564.4K
$493.9K – $658.5K
NOI $39,509 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,232 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines short-term lodging with two established food-and-beverage tenants under one roof.
Where is this mixed-use property located?
The property is located at 1150 N College Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Eight‑unit short‑term rental operation; 4,962‑square‑foot mixed‑use property built in 1950; Two established food‑and‑beverage tenants under one roof
