Attention student housing developers: Seize a rare opportunity to construct student housing within walking distance of the University of Arkansas. Perfectly positioned just 0.2 miles from the campus, 0.25 miles from Dickson Street, and a mere 0.5 miles from the Fayetteville Square, this offering is a strategic investment. This parcel totals 1.336 acres and is zoned as RMF-40. This zoning presents a unique chance to maximize unit density and optimize income potential in a high-demand area. Don't miss out on this exceptional development prospect in one of the most coveted locations near the University of Arkansas. Also available as part of a package containing 2 adjoining parcels
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 18,760 SqFt
Listing Office:
Office Name: Simplicity Real Estate Solutions
Office Phone: (479) 935-3844
Interior Features
Interior Information:
Appliances: Electric Water Heater
Basement: No
Flooring Type: Carpet, Ceramic Tile
Interior: None
Exterior Features
Parking Information:
Attached Garage: No
Parking: Detached, Garage, Two Spaces, Asphalt
Lot Features
Lot Information:
Lot: Corner Lot, Landscaped
Lot Size: 1.34 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Fayetteville High School East, Public District Grades 9-12
Ramay Junior High School, Public District Grades 8-9
Owl Creek School, Public District Grades KG-8
Leverett Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: From I49, Exit MLK turn east. Take a Left on Hill Avenue. The properties are on the corner of Hill Avenue and Center St
Price Information
Listing Price Info
Price Summary:
List Price: $7,000,000
Price Per SqFt: $373/SqFt
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Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Fayetteville, AR.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Leverett Elementary School
1124 W Cleveland St
Distance between this listing and this school0.94 miles
Public District Grades KG-5
Middle School
5
/10
Ramay Junior High School
401 S Sang Ave
Distance between this listing and this school1.23 miles
Public District Grades 8-9
5
/10
Owl Creek School
375 N Rupple Rd
Distance between this listing and this school2.86 miles
Public District Grades KG-8
High School
6
/10
Fayetteville High School East
1001 W Stone St
Distance between this listing and this school0.28 miles
Public District Grades 9-12
Assigned Schools
8
/10
Leverett Elementary School
1124 W Cleveland St
Distance between this listing and this school0.94 miles
Public District Grades KG-5
Nearby Schools
4
/10
Washington Elementary School
425 North Nighland Ave
Distance between this listing and this school0.72 miles
Public District Grades KG-5
4
/10
Asbell Elementary School
1500 N Sang Ave
Distance between this listing and this school1.76 miles
Public District Grades KG-5
Assigned Schools
5
/10
Ramay Junior High School
401 S Sang Ave
Distance between this listing and this school1.23 miles
Public District Grades 8-9
5
/10
Owl Creek School
375 N Rupple Rd
Distance between this listing and this school2.86 miles
Public District Grades KG-8
Nearby Schools
8
/10
Woodland Junior High School
1 E Poplar St
Distance between this listing and this school1.89 miles
Public District Grades 8-9
Assigned Schools
6
/10
Fayetteville High School East
1001 W Stone St
Distance between this listing and this school0.28 miles
Public District Grades 9-12
Nearby Schools
9
/10
Haas Hall Academy
3155 N College Ave
Distance between this listing and this school3.47 miles
Public Charter Grades 8-12
5
/10
Greenland High School
30 North Sandy Ave
Distance between this listing and this school4.71 miles
The neighbors living near this home have an average income of $16,750. The most common annual income of people living in Fayetteville, AR is less than $35k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7 University Ave
What is the listing price of this property?
The listing price of 7 University Ave property is $7,000,000.
What type of property is this?
The property 7 University Ave is a condo located in Fayetteville, Arkansas, 72701.
Is this property for sale now?
Active Listing: 7 University Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7 University Ave are: Leverett Elementary School: GreatSchools Rating 8/10Ramay Junior High School: GreatSchools Rating 5/10Owl Creek School: GreatSchools Rating 5/10Fayetteville High School East: GreatSchools Rating 6/10
What is the square footage of this property?
The property 7 University Ave is 18,760 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7 University Ave is 1960.
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This home is located at 7 University Ave in Fayetteville, AR and zip code 72701 in the Putnam Addition neighborhood. This 18,760 square foot home, which was built in 1960, sits on a 1.34 acre lot. It has been listed on Rocket Homes since December 01, 2023 and is currently priced at $7,000,000.
Over 17 listings were sold over their listed price in March 2024 in Fayetteville, AR. In the same period over 45 listings were sold below the listed price and 33 listings were sold for the listed price. In March 2024 in Fayetteville, AR there were 7.7% more homes for sale than in February 2024. While the average time on the market in March 2024 was 73 days, the median list price was $372,875.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
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