1723 Chestnut Ave Fayetteville, AR 72703
- Commercial real estate
- 1,200 SF
- 0.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1723 Chestnut Ave
- Year built
- 2008
- Lot size
- 0.23 lot acres
- Property size
- 1,200 SF
- Property type
- Commercial real estate
Description
This exceptional 1,200 square foot lower-level unit at 1723 N Chestnut Avenue, Unit 101, Fayetteville, AR presents a compelling investment opportunity. Boasting 14-foot ceilings, two spacious bedrooms, and two full bathrooms, this property is ideally situated near the Razorback Greenway and the University of Arkansas. Its C2 zoning allows for diverse commercial uses, making it perfect for long-term rentals or other business ventures. Large windows bathe the open floor plan in natural light, creating an inviting atmosphere suitable for both residential and commercial tenants. Two dedicated parking spaces are included. The property sits on a 0.23-acre lot and offers significant expansion potential. This unit can be purchased in conjunction with a separate listing (MLS #1278249) encompassing the remaining 0.23 acres of developable land, providing an exciting opportunity to construct up to four additional units, significantly increasing the overall return on investment. This combined purchase presents a rare chance to acquire a substantial property in a high-demand area with exceptional growth potential. The asking price for this unit is $325,000.
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
- -94.16808
- Latitude
- 36.08512
