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506 College St W, Fayetteville, TN 37334

Lincoln County

Key Facts

4,480Sq Ft
1968Year Built
0.18Lot (acres)

Description

Prime Commercial Opportunity in Downtown Fayetteville! Don’t miss this rare investment opportunity located right in the heart of downtown Fayetteville. This property offers incredible flexibility with the potential for up to 7 separate lease spaces, or the option to combine spaces to suit the needs of future tenants. A tanning salon business is also available for purchase, adding even more value. Featuring high visibility with excellent road frontage and a designated parking lot, this building is ideal for attracting steady traffic. Inside, you’ll find 4 bathrooms (including one dedicated for employees) and ample storage space, making it practical for a wide variety of businesses. The possibilities are endless—don’t miss the chance to own this versatile property in a highly sought-after location!

Property Information

Property Type

Commercial Sale

Sub-Type

Mixed Use

Year Built

1968

Living Area

4,480 sq ft

Lot Size

0.18 acres

Zoning

Commercial

Days on Market

256

MLS® Listing#

2990187

Property Features

Cooling

None

Heating

None

Roof

Tar/Gravel

Security

Security System

Financial Details

Parcel Number

079F B 00600 000

Directions

From Fayetteville downtown square, take College St W 0.3 miles. Building will be on the left.

Affordability Calculator

$105,000

Estimated monthly payment

$2,794/mo

Principal $420,000 · Est. interest $585,937 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Fayetteville, TN

$338,235
Median Listing Price
61
Median Days on Market
2,089
Median Sq Ft
$171
Median Price / Sq Ft
127
Active Listings
  • This home’s price is 55% above the area median.
  • Its price per sq ft is 31% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Fayetteville, TN.

Location

Map showing the location of 506 College St W, Fayetteville, TN 37334

Points of Interest in Fayetteville, TN

Showing the Fayetteville area map.

Nearby Schools

  • Fayetteville City Schools

    Elementary · 0.4 mi away

  • Lincoln County Ninth Grade Academy

    School · 0.6 mi away

  • Fayetteville High School

    Secondary · 0.7 mi away

  • Stone Bridge Academy

    School · 0.7 mi away

  • Fayetteville Middle School

    Secondary · 0.7 mi away

  • Ralph Askins School

    Elementary · 0.8 mi away

  • Lincoln County Senior High School

    Secondary · 1.3 mi away

  • Riverside Christian Academy

    School · 2.3 mi away

  • Highland Rim School

    Elementary · 6.1 mi away

  • South Lincoln School

    Elementary · 8.1 mi away

  • Unity School

    Elementary · 9.3 mi away

  • Flintville School

    Elementary · 11.2 mi away

  • Little Raiders Preschool

    School · 14.1 mi away

  • Lynchburg Elementary School

    Elementary · 14.8 mi away

  • Moore County Schools (TN)

    School · 14.8 mi away

  • Hazel Green High School

    Secondary · 14.9 mi away

  • Hazel Green Elementary School

    Elementary · 15.1 mi away

  • Walnut Grove Elementary School

    Elementary · 15.1 mi away

  • Moore County High School

    Secondary · 16.0 mi away

  • Moores Mill Intermediate School

    Secondary · 17.4 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

Moving Cost Estimate

EXIT Agents in Fayetteville

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Listing Courtesy: Keller Williams Realty - 6154146096

Based on information submitted to the MLS GRID as of 2025-08-18 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2025-08-18

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Realtracs. MLS® Listing#2990187. © 2026EXIT Realty®. All rights reserved.