1998 College Ave Fayetteville, AR 72703
- Turn key restaurants
- 4,010 SF
- 1.20 lot acres
Current Use by Public Records
- Formosa / Chinese Restaurant
Property Details for 1998 College Ave
- Year built
- 1983
- Lot size
- 1.20 lot acres
- Property size
- 4,010 SF
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 765-13449-000
- APU
- 76513449000
Description
This exceptional commercial property, located at 1998 College Avenue in Fayetteville, Arkansas, presents a unique investment opportunity. Situated on a prominent 1.2-acre lot in a high-traffic area of central Fayetteville (N College Ave/71B), experiencing over 33,000 cars daily, this 4,010 square foot building currently operates as a successful restaurant. The property boasts a fully equipped kitchen and ample seating for 74 patrons (21 tables, 54 chairs). Kitchen equipment is negotiable as part of the sale. The building has undergone significant recent improvements, including a new roof and road improvements completed in 2021, and two new air conditioning units and new flooring installed in 2023. The strategic location benefits from the proximity to a planned high school, promising future growth and increased foot traffic. This property is ideal for a variety of commercial uses, offering a blend of established infrastructure and future potential. The high visibility and convenient location make this a compelling investment opportunity in a thriving Fayetteville market. The asking price is $1,060,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Washington
- State
- Arkansas
- Longitude
- -94.1535
- Latitude
- 36.0887
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
