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Renovated Three-Level Office Units
For Lease
$13 SF/Yr

221 College Ave, Fayetteville, AR 72701

Historic office layout includes conference rooms, staff work areas, a kitchen, and on-site parking.

Space SizeContact for details
Days on Market35

Property Features for 221 College Ave

General Information

Standard status Active

Building Details

Year Built 1920
Listing Agency: Coldwell Banker Harris McHaney & Faucette -Fayette
Listed By: George Faucette, Jr · License #EB00001940
Source: Thesummithometeam
Added: Aug 6 Changed: Sep 8 Last Checked: Sep 7 at 11:14AM

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 Coldwell Banker Harris McHaney & Faucette -Fayette

Investment Insights

Based on property information with market context.

This office property occupies three finished levels within a building dating to about 1920. The interior was adapted for law office use in 1989 and renovated again in 2021, while original woodwork remains on much of the main level. The layout includes 11-12 offices, 2 conference rooms, 2 staff work areas, 3 baths, and a kitchen, with 12-13 parking spaces on site.

The property is within 100 feet of the Washington County Courthouse and courthouse annex. The downtown Fayetteville Square and Dickson Street entertainment center are approximately a five-minute walk away. An interior secure hallway connects this building with 215 N. College, which is separately available for lease; both properties may be leased together.

Key Highlights

  • Three finished office levels in a building constructed about 1920
  • Renovated in 1989 and 2021, with original woodwork retained on much of the main level
  • 11‑12 offices, 2 conference rooms, 2 staff work areas, 3 baths, and a kitchen

Property Analytics

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Current Use

Chadick Vincent O Law Firm Bassett Law Firm ... Law Firm Walker Dale Garrett Law Firm Nebben Curtis L Law Firm

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom Grocery & Convenience Store Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store

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
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,026
Businesses Nearby

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

$23.27 /SF/Yr
Avg Asking Price
$5.06–$69.9 /SF/Yr
Price Range
3,281 SF
Avg Space Size

This space is priced 44% below the average of $23.27 /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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Frequently Asked Questions

What type of property is this?
Office units - Historic office layout includes conference rooms, staff work areas, a kitchen, and on-site parking.
Where is this office units located?
The property is located at 221 College Ave Fayetteville, AR.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Three finished office levels in a building constructed about 1920; Renovated in 1989 and 2021, with original woodwork retained on much of the main level; 11‑12 offices, 2 conference rooms, 2 staff work areas, 3 baths, and a kitchen
More about this property
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