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Remodeled Downtown Office Building
New
For Lease
$28 SF/Yr

118 E Spring St, Fayetteville, AR 72701

Positioned near Fayetteville Square, the property is a short walk from federal and county government offices.

Space SizeContact for details
Days on Market4

Property Features for 118 E Spring St

General Information

Standard status Active

Building Details

Year Built 1905
Listing Agency: Select Real Estate Group
Listed By: Mitch Anderson · License #EB00056496
Source: Thebesthomeprice
Added: Oct 4 Changed: Oct 7 Last Checked: Oct 7 at 1:20PM

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 Select Real Estate Group

Investment Insights

Based on property information with market context.

This 1,072-square-foot office property dates to 1905 and has been remodeled throughout, including its exterior. It is located in downtown Fayetteville, near the Square and within walking distance of the federal building and county courthouse.

Key Highlights

  • 1,072 square feet of office space
  • Built in 1905 and remodeled inside and out
  • Downtown Fayetteville location near the Square

Property Analytics

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Current Use

Lee Eugene MD Physician Be Salon Hair Salon Mayapple Salon & Boutique Hair Salon Manzini-Pace Lisa Counselor

Suggested Use

Top Pick Kitchen & Bath Showroom Carpet & Flooring Store Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods

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
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,901
Businesses Nearby
Balanced
Demand for This Use

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
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Market

Lease Benchmarks for Fayetteville, AR

$22.54 /SF/Yr
Avg Asking Price
$1.94–$69.9 /SF/Yr
Price Range
3,779 SF
Avg Space Size

This space is priced 24% above the average of $22.54 /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
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Similar Off Market Nearby

  • Walmart Home Theater Installation — 660 M.L.K. Jr Blvd, Fayetteville, AR 72701
  • E-Repair — 7 1/2 E Mountain St, Fayetteville, AR 72701
  • Alexis Information Systems LLC — 21 W Mountain St #122, Fayetteville, AR 72701
  • BNT-Tech — 208 N East Ave, Fayetteville, AR 72701
  • Caldwell Consultants — 209 N College Ave, Fayetteville, AR 72701

Frequently Asked Questions

What type of property is this?
Office space - Positioned near Fayetteville Square, the property is a short walk from federal and county government offices.
Where is this office space located?
The property is located at 118 E Spring St Fayetteville, AR.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 1,072 square feet of office space; Built in 1905 and remodeled inside and out; Downtown Fayetteville location near the Square
More about this property
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