797 Cherry Lane, Fayetteville, AR 72701
Fayetteville Outlots · Washington County
Key Facts
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.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
1.02 acres
Days on Market
112
MLS® Listing#
1331152
Property Features
Fencing
Lot Features
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,112
Parcel Number
765-15206-000
Directions
Left on S Cherry Ln from Huntsville, Property on left hand side
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fayetteville, AR
- $463,536
- Median Listing Price
- 59
- Median Days on Market
- 2,021
- Median Sq Ft
- $230
- Median Price / Sq Ft
- 667
- Active Listings
- This home’s price is 46% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fayetteville, AR.
Location
Points of Interest in Fayetteville, AR
Showing the Fayetteville area map.
Nearby Schools
Fayetteville Schools Professional Learning C
Elementary · 0.3 mi away
Happy Hollow Elementary Pto
Elementary · 0.4 mi away
Jefferson Elementary School
Elementary · 1.5 mi away
Play Learn School
School · 1.7 mi away
Washington Elementary School
Elementary · 1.9 mi away
Root Elementary School
Elementary · 1.9 mi away
Presbyterian Church
School · 2.1 mi away
Kappa Delta Zeta Gamma Chapter
School · 2.2 mi away
Church of Jesus Christ of Latter Day Saints
School · 2.3 mi away
St. Joseph Catholic School
School · 2.3 mi away
Fayetteville Christian School
Elementary · 2.4 mi away
Mission Blvd. Baptist Church
Elementary · 2.4 mi away
Fayetteville High School
Secondary · 2.4 mi away
Fayetteville Public Schools
School · 2.4 mi away
Fayetteville High School Hall of Greats
Secondary · 2.4 mi away
Tesseract Center for Immersive Environments & Game Design
School · 2.5 mi away
Kappa Kappa Gamma Sorority
School · 2.5 mi away
McNair Middle School
Secondary · 2.5 mi away
Camp Kesem at University of Arkansas
School · 2.7 mi away
Vandergriff Elementary School
Elementary · 2.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2609 E Huntsville Road, Fayetteville, AR | $473,000 | — | — | — |
| 2609 E Huntsville Road, Fayetteville, AR | $473,000 | — | — | — |
| 2825 E Inwood Lane, Fayetteville, AR | $474,000 | 4 | 3 | 2,903 |
| 10214 Campbell Road, Fayetteville, AR | $475,000 | — | — | — |
| 515 W Holly Street, Fayetteville, AR | $475,000 | 4 | 2 | 2,240 |
| 900 E Ash Street, Fayetteville, AR | $475,000 | 4 | 2 | 1,598 |
Moving Cost Estimate
EXIT Agents in Fayetteville
Listing Courtesy: Infinity Real Estate Group - mllsmb7@gmail.com
Presented by: Milton Lamar