Mixed-Use Property Near Historic
221 S Block Avenue Fayetteville, AR 72701
221 S Block Avenue, Fayetteville, AR, 72701
$1,300,000
For Sale
$1,300,000
Multi-use property near Fayetteville Historic Square with commercial and residential spaces.
Property Size4,650 SF
Price / SF$279.57
Days on Market234
Property Features for 221 S Block Avenue
General Information
- Standard status
- Active
- Size
- 4,650 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing Agency
Collier & Associates
(479) 222-0209
Listed by
Prosper Team
(479) 222-0209
Source
Exitrealty
Added: Nov 26, 2025 Checked: Jul 17 at 11:10 am
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 Collier & Associates
Investment Insights
Based on property information with market context.
This multi-use property features a commercial building with two separate spaces, along with an additional building containing two one-bedroom apartments, one studio apartment, and three multi-purpose commercial spaces. The property is located two blocks from the Fayetteville Historic Square, placing it within walking distance of the arts corridor, the Fayetteville Public Library, Dickson Street, U of A bus routes, and numerous restaurants, coffee shops, and art galleries. Zoned Downtown General, the 4650 square foot property can be used for commercial retail space and is located in a hotel zone, offering various possibilities.
Key Highlights
- Prime location: Just 2 blocks from Fayetteville Historic Square, walk to arts, library, Dickson St & restaurants.
- Multi‑use property: Features a commercial building with two spaces, plus a separate building with apartments and commercial spaces.
- Zoned Downtown General: Suitable for commercial retail and located in a hotel zone.
Local Financial Insights For Apartment 5plus
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 | $72.5k | $15.60 |
| − Vacancy | −$5.2k | −$1.12 |
| EGI | $67.3k | $14.48 |
| − OpEx | −$30.3k | −$6.51 |
| NOI | $37.0k | $7.96 |
4,650 SF · lease $15.60/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$528.9K
$462.8K – $617.1K
NOI $37,024 @ 7.0% cap · market cap 2.85%
Second Best
Mixed Use
$462.3K
$404.6K – $539.4K
NOI $32,364 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,369 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-use property near Fayetteville Historic Square with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 221 S Block Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location: Just 2 blocks from Fayetteville Historic Square, walk to arts, library, Dickson St & restaurants.; Multi‑use property: Features a commercial building with two spaces, plus a separate building with apartments and commercial spaces.; Zoned Downtown General: Suitable for commercial retail and located in a hotel zone.
