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112 W Center St 57,991 SF 79% Leased 4-Star Office Building Fayetteville, AR 72701 For Sale
INVESTMENT HIGHLIGHTS
- PRIME LOCATION ON THE HISTORIC SQUARE
- STABLE INCOME WITH VALUE ADD OR REDVELOPMENT PLAY
- UNMATCHED VIEWS OF THE MOUNTAINS AND CITY
EXECUTIVE SUMMARY
-ICONIC DOWNTOWN ASSET
-ONE OF THE SKYLINE JEWELS OF FAYETTEVILLE
-RIGHT ON THE HISTORIC SQUARE
-UNMATCHED VIEWS OF THE MOUNTAINS AND CITY
-STABLE INCOME WITH IMMEDIATE VALUE-ADD
-POSSIBLE ADAPTIVE REUSE INTO CONDOS OR HOTEL
-ONE OF THE SKYLINE JEWELS OF FAYETTEVILLE
-RIGHT ON THE HISTORIC SQUARE
-UNMATCHED VIEWS OF THE MOUNTAINS AND CITY
-STABLE INCOME WITH IMMEDIATE VALUE-ADD
-POSSIBLE ADAPTIVE REUSE INTO CONDOS OR HOTEL
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
57,991 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1965/2020
Percent Leased
79%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
6,750 SF
Slab To Slab
12’
Building FAR
6.05
Lot Size
0.22 AC
Zoning
MSC - Nonresidential
Parking
70 Spaces (1.21 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Banking
- Controlled Access
- Security System
- Signage
- Storage Space
- Car Charging Station
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (74)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
16,451
58,279
100,366
2024 Population
18,973
63,700
108,102
Population Growth '20-'24
15.3%
9.3%
7.7%
2020 Households
5,414
24,392
41,823
2024 Households
6,314
26,529
44,866
Household Growth '20-'24
16.6%
8.8%
7.3%
Average Age
29
33
34
Median Household Income
$39,636
$44,523
$61,282
Daytime Employees
14,113
38,345
62,017
Total Businesses
1,188
3,512
6,135
College Degree + Higher
44%
41%
44%
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Arsaga's | Cafe | $ | 2 min walk |
| Little Bread Company | Bakery | $ | 3 min walk |
| Jammin' Java | Coffee | $ | 3 min walk |
| A Taste Of Thai Restaurant | Thai | $$$ | 4 min walk |
| Vetro | Italian | $$$ | 3 min walk |
| Celi's | Mexican | $$ | 4 min walk |
| 7 Brew Coffee | - | - | 5 min walk |
| Chipotle | - | - | 11 min walk |
| Jimmy John's | Fast Food | $ | 11 min walk |
| Insomnia Cookies | Bakery | $ | 12 min walk |
RETAIL |
||
|---|---|---|
| Lululemon | Unisex Apparel | 2 min walk |
| Arvest Federal Bank | Bank | 3 min walk |
| United States Postal Service | Business/Copy/Postal Services | 6 min walk |
| Walgreens | Drug Store | 11 min walk |
| Walmart Neighborhood Market | Supermarket | 15 min walk |
HOTELS |
|
|---|---|
| Graduate Hotel |
234 rooms
2 min drive
|
| MOXY |
131 rooms
3 min drive
|
| Candlewood Suites |
78 rooms
6 min drive
|
| Best Western |
68 rooms
7 min drive
|
| Staybridge Suites |
109 rooms
6 min drive
|
PROPERTY TAXES
| Parcel Number | 765-01848-000 | Improvements Assessment | $2,031,900 |
| Land Assessment | $50,540 | Total Assessment | $2,082,440 |
PROPERTY TAXES
Parcel Number
765-01848-000
Land Assessment
$50,540
Improvements Assessment
$2,031,900
Total Assessment
$2,082,440
ABOUT THE SELLER
Donald R Smith
Read More
SALE ADVISOR
SALE ADVISOR
Thomas Hewgley, Broker
Thomas Hewgley is a seasoned professional in the field of commercial real estate (CRE), known for his extensive knowledge and outstanding achievements in the industry. With a career, spanning over years, Thomas has firmly established himself as a trusted authority and an invaluable resource in the CRE sector.
As a dedicated CRE expert, Thomas Hewgley possesses a deep understanding of market trends, property valuations, and intricate transactions. His commitment to delivering tailored solutions and exceptional client service has earned him a reputation as a go-to advisor for investors, property owners, and businesses.
Beyond his professional accomplishments, Thomas is actively involved in community initiatives and philanthropic endeavors, reflecting his values and his desire to make a positive impact both within and beyond the world of real estate.
As a driving force in CRE, Thomas Hewgley continues to shape the industry's landscape, offering clients expert guidance, innovative solutions, and an unwavering commitment to excellence that distinguishes him as a respected leader in the field
As a dedicated CRE expert, Thomas Hewgley possesses a deep understanding of market trends, property valuations, and intricate transactions. His commitment to delivering tailored solutions and exceptional client service has earned him a reputation as a go-to advisor for investors, property owners, and businesses.
Beyond his professional accomplishments, Thomas is actively involved in community initiatives and philanthropic endeavors, reflecting his values and his desire to make a positive impact both within and beyond the world of real estate.
As a driving force in CRE, Thomas Hewgley continues to shape the industry's landscape, offering clients expert guidance, innovative solutions, and an unwavering commitment to excellence that distinguishes him as a respected leader in the field
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112 W Center St
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