797 Cherry Lane
Fayetteville, AR 72701 · MLS 1331152
Property details
- Price
- $675,000
- Lot size
- 1.02 acres
- Type
- Land
- Status
- Active
- Days on market
- 324
- Subdivision
- Fayetteville Outlots
- County
- Washington
- MLS number
- 1331152
About this property
Zoned RI-U with no density restrictions, it allows zero-lot-line construction and flexible design. The site is cleared and prepped with a construction entrance, erosion controls, and tree-preservation barriers. City approval is secured for a 20-unit townhouse project, and engineering plans can transfer to the buyer or be customized. Located just ten minutes from the University of Arkansas and downtown Fayetteville, the property is positioned to capture strong rental demand from students and professionals. With low vacancy rates, steady rent growth, and utilities already on site—water, sewer, and electricity—this shovel-ready site reduces development costs and accelerates timelines. Overall, it represents a rare opportunity to deliver strong ROI, long-term appreciation, and multiple exit strategies in a high-growth market.
Location
Features
- Lot features
- City lot, Open lot, Level
- Utilities
- Natural gas available, Electricity available