1221 School AveFayetteville, AR 72701

Property Details for 1221 School Ave

Year built

2009

Lot size

0.61 AC

Property size (Sq ft)

8,862 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

765-14918-000

APU

76514918000

Description

This 8,862 square foot single-tenant flex/warehouse space, built in 2009, presents a rare leasing opportunity in South Fayetteville. Previously occupied by a Dollar General, the property offers versatile usage potential for retail, flex, or warehouse operations. Its strategic location provides excellent accessibility, situated just 1.3 miles from the University of Arkansas, benefiting from strong demographic trends and a robust customer base. The property features a large parking lot with ample parking spaces to accommodate employees and customers. The building's design allows for the convenient addition of a roll-up door, enhancing functionality and operational efficiency. Furthermore, the property enjoys cross-access with a neighboring property, offering potential for synergistic business relationships or expanded operational space. This exceptional property is ideal for businesses seeking a high-visibility location with ample space and convenient access to a major university and thriving community. Don't miss this chance to secure a prime commercial space in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,135,600

  6.5%

  $1,048,246

  7%

  $973,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,597,425

  Geo Method

  $1,597,425

• Alternative Use

  Use

  Valuation

  Residential

  $884,235

  Hospitality

  $809,954

  Educational

  $673,872

  Medical

  $697,048

  Retail

  $1,048,246

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.0508

Longitude

-94.1647

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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