122 Broadway Fargo, ND 58102
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Historic building, high-income area, strong tenant.
Property size:
18,210 SFProperty Features for 122 Broadway
General Information
- Property type
- Restaurants
- Square Feet
- 18,210 SF
Building Details
- Year Built
- 1911
Listing Agency: Property Resources Group Listing Agent: Matt Olson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional retail property, located at 122 Broadway N in Fargo, North Dakota, presents a unique investment opportunity. The 18,210 square foot building, constructed in 1911, boasts a prime location in Fargo's Central Business District, an area with approximately 20,000 jobs. The property is currently partially occupied by Chase Bank, utilizing half of the ground floor, leaving significant space available for lease to a retail or restaurant tenant. The second floor is fully leased to Emerging Prairie. This mixed-use building offers a compelling blend of established tenancy and high potential for future income generation. The asking price is $3,725,000, translating to $204.56 per square foot. The property's strong financial performance is reflected in its pro-forma NOI of $284,130 and a pro-forma cap rate of 7.63%. The building has undergone extensive renovations to modernize the space, ensuring it's ready for its next chapter. This property is situated in a thriving downtown area and may qualify for Opportunity Zone tax benefits. This is an excellent chance to acquire a well-located, income-producing asset in a dynamic market. The zip code is 58102, and Cass County is the location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CHARISM Main Office
Charitable Organization
Chase ATM
Atm
Chase Bank
Bank
Kxbq
Radio Station
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.787680908034
- Latitude
- 46.877828435075
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FAQs
What type of property is this?
Restaurant - Historic building, high-income area, strong tenant.
Where is this restaurant located?
The property is located at 122 Broadway Fargo, ND.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: $3,725,000 asking price for this 18,210 square foot retail property.; Located at 122 Broadway N, Fargo, ND 58102.; Currently occupied by Chase Bank (half of first floor) and Emerging Prairie (entire second floor); additional space available for lease to a retail or restaurant tenant.
