Address
1140 N College Avenue Fayetteville, AR
Price
$ 900,000
Property Attributes
  • MLS#1189000
  • TypePending
  • CountyWASHINGTON
  • CityFayetteville
  • Zip72703
  • StyleHotel/Motel
  • Year Built1950
  • Taxes$ 3968
  • Price$ 900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10951
  • Lot Size0.64 Acres
Listing Provided Courtesy Of:
Keller Williams Market Pro Realty
Data Source:
Northwest Arkansas BOR (NABOR) - 280 - AR
Property Description

Prime redevelopment opportunity on College Ave/ 71B across from two major medical centers. Parcel is zoned CS and can be redeveloped at up to five stories. Streetscape improvements coming soon in phase 1 of the 71B Improvement Plan. Existing use is 1950's motor lodge renovated into multi-family housing and a restaurant space. 3 buildings comprised of: 23 - Single Room Multi-Family Units and 1 - 1 Bedroom Multi-Family Units, 9 of which are occupied. 1 - Restaurant Unit - leased to Cafe Rue Orleans. Note that the HVAC unit serving the restaurant is the property of the tenant and does not convey. Property is offered "As Is, No Repairs".

Price History
6/25/2021 Listed $850,000

General Features

Listing Agent State License SA00087337
MLS Area Arkansas Regional MLS, LLC
Possible Use Hotel/Motel, Restaurant
Property Sub Type Additional Hotel/Motel
Property SubType Hotel/Motel
Property Type Commercial Sale
Roof Asphalt, Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Pending
Total Units 25
Utilities Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Virtual Tour https://tour.nwarealtors.org/1140-N-College-Avenue-Fayetteville-AR-72703/unbranded
Zoning No
Zoning Description Commercial

Interior Features

Living Area 10951

Exterior Features

Foundation Details Slab
Frontage Length 200'
Lot Dimensions 200' x 131.5'
Lot Features Central Business District, City Lot, Other, See Remarks
Lot Size Acres 0.64
Lot Size Area 0.64
Lot Size Units Acres
Parking Features Parking Lot
Road Frontage Type Main Thoroughfare
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 72703

Price
AVG $560K
$900K
Taxes
AVG $3,314
$3,968
Visits
AVG 62
9
Year Built
AVG 1998
1950
Walkscore
AVG 29
62
Data Provided by Walkscore ® not using MLS data

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