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$ 675,000
Est. payment /mo
Active
797 Cherry Ln Fayetteville, AR 72701
1.02 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Fayetteville Outlots
MLS Listing ID 1331152
HOA Y/N No
Annual Tax Amount $1,112
Lot Size 1.020 Acres
Acres 1.02
Property Sub-Type Unimproved Land
Property Description
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
State AR
County Washington
Community Fayetteville Outlots
Direction Left on S Cherry Ln from Huntsville, Property on left hand side
Exterior
Fence Partial
Utilities Available Natural Gas Available, Electricity Available
Waterfront Description None
View Y/N Yes
Topography Level
Road Frontage Public Road
Building
Lot Description City Lot, None, Open Lot, Level
Sewer Public Sewer
Water Public
Schools
School District Fayetteville
Others
Special Listing Condition None
Listed by Infinity Real Estate Group