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    Multistory Commercial Building For Sale Title is generated by Realmo AI

    2 N College Ave, Fayetteville, AR 72701

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    Fully leased commercial building with prime location and strong income.

    Type:Retail, Office
    Property size:
    16,988 SF
    Price / SF:
    $214/SF
    Added:
    Mar 9, 2026
    Days on Market:
    120
    Last Refresh:
    Mar 19 at 10:01 pm

    Property Features for 2 N College Ave

    General Information

    Standard status
    Active
    Size
    16,988 SF
    Property subtype
    Retail, Office

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    David Erstine
    David Erstine

    Listing office CBRE - Fayetteville/Bentonville

    Listing date Mar 9, 2026

    Source Crexi

    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 CBRE - Fayetteville/Bentonville

    HighLights

    • Prime location on College Ave with significant frontage.
    • Fully leased with immediate income generation.
    • Lease extends until July 2027.
    • Three floors of versatile office space plus a basement.
    • Ample dedicated parking.
    • Unparalleled proximity to the University of Arkansas and the Washington County Courthouse.

    Overview

    This multistory commercial building, located in Fayetteville, presents an investment opportunity. The property is fully leased and features frontage on College Avenue. It includes three floors of office space and a basement. The current lease extends until July 2027, providing immediate income. The property benefits from dedicated parking and proximity to the University of Arkansas and the Washington County Courthouse. The building has a total size of 16988 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $366.9k $21.60
    − Vacancy −$25.0k −$1.47
    EGI $342.0k $20.13
    − OpEx −$85.5k −$5.03
    NOI $256.5k $15.10
    16,988 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.66M
    $3.21M – $4.27M (±1% cap)
    NOI $256,492 @ 7.0% cap · market cap 7.03%
    Second Best
    Retail
    $2.86M
    $2.50M – $3.33M (±1% cap)
    NOI $199,922 @ 7.0% cap · market cap 5.48%
    Theoretical Best
    Office A
    $4.56M
    $3.99M – $5.32M (±1% cap)
    NOI $319,190 @ 7.0% cap · market cap 8.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mitchell Communications Group Marketing & Advertising Profound Skills Corporate Office

    Suggested Use

    Dental Office Kitchen & Bath Showroom Storage Facility Daycare Center Food Market Auto Parts Store Nursing Home Nursing Home Shopping Center & Mall Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1577398
    Latitude
    36.0629909

    FAQs

    What type of property is this?
    Office building - Fully leased commercial building with prime location and strong income.
    Where is this office building located?
    The property is located at 2 N College Ave Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: Prime location on College Ave with significant frontage.; Fully leased with immediate income generation.; Lease extends until July 2027.
    (479) 200-3457 Call to check price and availability
    More about this property
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