506 College St, W, Fayetteville TN 37334
Prime commercial property located just steps from the square! Featuring 8 separate spaces total, this high-potential asset offers immediate cash flow with 5 units currently leased and 3 units available for immediate lease-up or owner occupancy. All spaces are on one master meter for water and power. 15 Parking Spaces. Contact listing agent today for rent roll details, lease terms, and showing instructions.
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Fayetteville
This property is grouped with the current listings without a reported bedroom count in Fayetteville. Its asking price falls near the 76th percentile of that active group. The comparison uses 62 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 73 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $192,500, and the median is $171 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 0 Market St, W | Jun 24, 2026 | — | $15,000 | 0.1 mi |
| 301 Bellview Ave, N | Aug 19, 2026 | 3 bd · 1,440 sqft | $180,000 | 0.2 mi |
| 406 Bellview Ave, N | Aug 24, 2026 | 2 bd · 922 sqft | $160,000 | 0.3 mi |
| 403 Lincoln Ave, S | May 29, 2026 | — | $140,000 | 0.3 mi |
| 1002 College St, W | Jul 21, 2026 | 3 bd · 1,056 sqft | $209,000 | 0.4 mi |
| 409 Kiwanis Ave | May 27, 2026 | 3 bd · 1,200 sqft | $205,000 | 0.4 mi |
| 207 Elk Ave, S | Jul 21, 2026 | — | $572,000 | 0.4 mi |
| 1101 McDonald St | Jul 1, 2026 | 3 bd · 1,300 sqft | $219,900 | 0.5 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $500,000 · Active
Location reference points
How this address sits within the Fayetteville area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- Tims Ford Lake17.1 miles straight-line · roughly 30 driving minutes
- Downtown Tullahoma25.3 miles straight-line · roughly 45 driving minutes
- Downtown Winchester26.3 miles straight-line · roughly 47 driving minutes
- Arnold Air Force Base32.3 miles straight-line · roughly 58 driving minutes
- Downtown Manchester35.7 miles straight-line · roughly 64 driving minutes
Continue comparing
Similar active homes in Fayetteville
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Fayetteville homes for sale · See the Fayetteville market report