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Office Unit Near University
For Lease
$23 SF/Yr

509 W Spring Street, Fayetteville, AR 72701

CommercialLease, Fayetteville, AR

Space SizeContact for details
Days on Market86

Property Features for 509 W Spring Street

General Information

Property type Commercial Lease
Property subtype Office
Lot features Central Business District, City Lot
Directions Located at the corner of Spring St and N West Ave
Standard status Active
Size 1,777 SF

Taxes and HOA fees

Expense value 3332
Expense SecurityDeposit
Expense freq. One Time

Building Details

Year built 2008
Floors in Building 2
Listing Agency: Moses Tucker Partners-Bentonville Branch
Listed By: Zack Kifer · License #SA00076575
Added: Jun 15 Changed: Aug 27 Last Checked: Sep 8 at 9:06AM
MLS# 1352142

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.

Investment Insights

Based on property information with market context.

Available for lease, this 1,777-square-foot office unit was built in 2008 and is located at 509 W Spring Street in Fayetteville. The property sits near Dickson Street and within the downtown Cultural Arts Corridor, placing it within walking distance of the University of Arkansas.

The surrounding area includes more than 3,000 student housing beds within 0.5 miles, with another 1,000 beds in development. Nearby co-tenants include Prelude Breakfast Bar, Rolando's Restaurante, Artemis Lounge, Botanical at Metro District, Crown Beauty Bar, Club 509, Hanky Panky Burgers, and CBD American Shaman Kava Bar.

Key Highlights

  • 1,777 square feet of office space
  • Built in 2008
  • Near the University of Arkansas and Dickson Street

Property Analytics

Current Use

Ozark Escape Fayetteville Arcade & Gaming Center Prelude Breakfast Bar Restaurant Metro District Business Service Center Nwa Talent Society Employment Agency Grove Restaurant

Suggested Use

Top Pick Dental Office Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Storage Facility

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,374
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

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 1% 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Built in 2008, this office unit is positioned near the University of Arkansas within Fayetteville’s Cultural Arts Corridor.
Where is this office units located?
The property is located at 509 W Spring Street Fayetteville, AR.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: 1,777 square feet of office space; Built in 2008; Near the University of Arkansas and Dickson Street
More about this property
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