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Property view

797 Cherry Lane, 
Fayetteville, AR 72701

$690,000


Bed


Bath


-

Sq Ft


1.02

Acres (Lot)


Land

Active

Listed by

Jesse Wells

Sudar Group

479-308-8380

Last updated:

September 5, 2025, 02:23 PM

MLS#

1319928

Source:

AR NWAR

About This Land

797 Cherry Lane

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

1.02

MLS #:

1319928

Last Updated:

September 5, 2025, 02:23 PM

Added:

5 day(s) ago


Finances & Disclosures

Finances

Price:

$690,000

Source:AR NWAR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.