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    Wedington Dr Fayetteville, AR 72704

    Sponsored
    For Sale
    $1,950,000

    2.31 Acres, Retail-Ready, University Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.31-acre commercial land parcel presents a remarkable investment opportunity in Fayetteville, Arkansas. Located on West Wedington Drive, this vacant lot is ideally suited for retail development and is zoned CS. Its strategic location offers unparalleled access to a thriving market, situated just two miles east of the University of Arkansas campus. The property is surrounded by a dense concentration of multi-family and single-family residential housing, ensuring a robust customer base for any retail venture. The area is experiencing rapid growth, with significant new construction of residential, multi-family, and retail developments underway, indicating a strong and expanding market. The site is easily divisible, offering flexibility for various development plans. This prime location provides convenient access to major thoroughfares leading to Farmington, Prairie Grove, and Siloam Springs, bedroom communities serving Northwest Arkansas. The asking price is $1,950,000, with a land value of $20 per square foot. This represents a compelling investment in a high-growth area with exceptional potential for significant return. The property's proximity to the University of Arkansas and its surrounding residential communities makes it an ideal location for a variety of retail uses.

    Property Features for 0 Wedington Dr

    General Information

    Property type
    Land
    Lot Size
    100,624 SF

    HighLights

    • Excellent retail location.
    • CS Zoning.
    • Two miles east of the University of Arkansas.
    • Surrounded by residential and multifamily housing.
    • Near other new retail and office developments.
    • Major thoroughfare connecting to Farmington, Prairie Grove, and Siloam Springs (Northwest Arkansas bedroom communities).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.219393527842
    Latitude
    36.078783494737

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    FAQs

    What type of property is this?
    Land - 2.31 Acres, Retail-Ready, University Proximity
    Where is this land located?
    The property is located at Wedington Dr Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Excellent retail location.; CS Zoning.; Two miles east of the University of Arkansas.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Wedington Dr Fayetteville, AR 72704
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