Corner Storefront Property with Second
1701 & 1703 W Martin Luther King Boulevard, Fayetteville, AR 72701
For Sale
$900,000
Pending
CommercialSale, Fayetteville, AR
Property Size1,778 SF
Lot Size0.32 Acres
Days on Market93
Property Features for 1701 & 1703 W Martin Luther King Boulevard
General Information
Property type
Property subtype
Zoning description
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Listing Agency:
McNaughton Real Estate
Listed By:
Amber Parrish · License #EB00052650
(479) 442-9099
Added: Aug 6
Changed: Oct 16
Last Checked: Nov 6 at 11:06PM
MLS# 1357920
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.
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Investment Insights
Based on property information with market context.
This commercial property includes two freestanding buildings totaling approximately 1,778 square feet on approximately 0.32 acres. The primary storefront has recent improvements and can accommodate retail, office, studio, or service-oriented operations. A second building adds separate workspace or storage capacity.
The property occupies the corner of W. Martin Luther King Jr. Boulevard and S. Beechwood Avenue, with frontage along a commercial corridor carrying an estimated 37,000 vehicles daily. I-1 Heavy Commercial and Light Industrial zoning supports a broad range of potential uses. The site is near the University of Arkansas, downtown Fayetteville, and I-49.
The property occupies the corner of W. Martin Luther King Jr. Boulevard and S. Beechwood Avenue, with frontage along a commercial corridor carrying an estimated 37,000 vehicles daily. I-1 Heavy Commercial and Light Industrial zoning supports a broad range of potential uses. The site is near the University of Arkansas, downtown Fayetteville, and I-49.
Key Highlights
- Two freestanding commercial buildings totaling approximately 1,778 SF
- Approximately 0.32 acres at the corner of W. Martin Luther King Jr. Boulevard and S. Beechwood Avenue
- Estimated 37,000 vehicles passing daily along the commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,845
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,900
$536.9K
Cap Rate 7%
$383,500
$383.5K
Cap Rate 9%
$298,278
$298.3K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$38.4K $21.60/SF
− Vacancy
−$2.6K −$1.47/SF
EGI
$35.8K $20.13/SF
− OpEx
−$8.9K −$5.03/SF
NOI
$26.8K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,900
Cap Rate 7%
$383,500
Cap Rate 9%
$298,278
Alternative Uses
Best Use
Office B
$383.5K
$335.6K – $447.4K
NOI $26,845 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$298.9K
$261.6K – $348.7K
NOI $20,924 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$477.2K
$417.6K – $556.8K
NOI $33,407 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
37,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Balanced
Demand for This Use
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
$323,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Washington County, AR
Properties on Market for Storefront properties in Washington County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Updated primary space with a separate building provides room for retail, office, studio, or service-oriented uses.
Where is this storefront property located?
The property is located at 1701 & 1703 W Martin Luther King Boulevard Fayetteville, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two freestanding commercial buildings totaling approximately 1,778 SF; Approximately 0.32 acres at the corner of W. Martin Luther King Jr. Boulevard and S. Beechwood Avenue; Estimated 37,000 vehicles passing daily along the commercial corridor
