797 Cherry Lane, Fayetteville, AR 72701

Fayetteville
Local realty services provided by:Better Homes and Gardens Real Estate Journey
797 Cherry Lane,Fayetteville, AR 72701
$675,000
  • 1.02 Acres
  • Lots / Land
  • Active
Listed by: milton lamar
Office: infinity real estate group
MLS#:1331152
Source:AR_NWAR

Price summary

  • Price:$675,000

About this home

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.

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Home facts

  • Subdivision & Development:Fayetteville Outlots
  • Listing ID #:1331152
  • Added:221 day(s) ago
  • Updated:July 31, 2026 at 02:23 PM

Structure and exterior

  • Lot area:1.02 Acres
  • Lot Features:City Lot, Level, Open Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$675,000
  • Tax amount:$1,112

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