797 Cherry Lane

Fayetteville , AR 72701

MLS#: 1319928

$690,000

Status: Active
Listing number: 1319928
Listing provided by: Sudar Group
Listing agent phone: None
Last update: 4 days ago
On site: 5 days ago
Browse Properties
Fayetteville Outlots - Land

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

1.02 acres

This property offers a prime multifamily development opportunity in one of Northwest Arkansas’s fastest-growing markets. 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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Features

    Level, Cleared

  • Lot Size(acres)

    1.02

  • Property Type

    Land

  • Property Sub Type

    Unimproved Land

Price

  • Sales Price

    $690,000

  • Tax Amount

    1112.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Fayetteville

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    n/a

  • Water Source

    Public

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Location

County

Washington

Elementary School

Fayetteville

Middle School

High School

Listing Courtesy of Jesse Wells , Sudar Group

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Agent CarrieDavenport

REALTOR®

CarrieDavenport

Call Carrie today to schedule a private showing.

(479) 477-1718

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This property offers a prime multifamily development opportunity in one of Northwest Arkansas’s fastest-growing markets. 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.

797 Cherry Lane

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