Turnkey Restaurant and Sports
For Sale
Contact for pricing
1640 13th Ave E, West Fargo, ND 58078
6,005 SF restaurant/bar on 1.31 acres, includes liquor license.
Property Size6,005 SF
Lot Size1.31 Acres
Price / SF$441.30
Days on Market1116
Property Features for 1640 13th Ave E
General Information
Standard status
Active
Size
6,005 SF
Lot size
1.31 Acres
Property subtype
Business for Sale, Retail
Zoning
PUD - Planned Unit Development
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Aspen Group LLP
Listed By:
Matt Reichert · License #ND 2039
(701) 223-2450
Source:
Crexi
Added: Sep 25, 2023
Changed: Oct 13
Last Checked: Oct 12 at 6:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aspen Group LLP
Investment Insights
Based on property information with market context.
This 6,005 SF restaurant and sports bar is located on a 1.31-acre (57,003 SF) lot. It presents a turnkey business opportunity for an operator. The sale includes all furniture, fixtures, and equipment, as well as a Class AA Liquor License. A franchise transfer is available but not required, offering buyers the option to continue with the existing brand or introduce their own concept.
Key Highlights
- Turnkey restaurant and sports bar opportunity.
- Includes all furniture, fixtures, and equipment (FF&E).
- Class AA Liquor License included in the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,663
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,553,260
$1.6M
Cap Rate 7%
$1,109,471
$1.1M
Cap Rate 9%
$862,922
$862.9K
Market Conditions
NOI Build-Up for 6,005 SF
Gross rent
$108.1K $18.00/SF
− Vacancy
−$4.5K −$0.76/SF
EGI
$103.6K $17.24/SF
− OpEx
−$25.9K −$4.31/SF
NOI
$77.7K $12.93/SF
Area
Cass County, ND
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,553,260
Cap Rate 7%
$1,109,471
Cap Rate 9%
$862,922
Alternative Uses
Best Use
Specialty Retail
$1.11M
$970.8K – $1.29M
NOI $77,663 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
553k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Shops & Services 22%
Home Improvements & Furnishings 16%
Dining 15%
Walmart
Superstores
121,487 visits/mo
0.4 miles
Sam's Club
Superstores
96,039 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
62,019 visits/mo
0.3 miles
Five Below
Shops & Services
35,826 visits/mo
0.2 miles
Texas Roadhouse
Dining
35,509 visits/mo
0.1 miles
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- The Local 701 — 1405 Prairie Pkwy, West Fargo, ND 58078
- Bar Nine — 1405 Prairie Pkwy, West Fargo, ND 58078
- Maxwells | Restaurant & Bar — 1380 9th St E, West Fargo, ND 58078
- Rookies Sports Bar & Grill — 715 13th Ave E, West Fargo, ND 58078
- Boston's Restaurant & Sports Bar — 1640 13th Ave E, West Fargo, ND 58078
Frequently Asked Questions
What type of property is this?
Bar & Pub - 6,005 SF restaurant/bar on 1.31 acres, includes liquor license.
Where is this bar & pub located?
The property is located at 1640 13th Ave E West Fargo, ND.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Turnkey restaurant and sports bar opportunity.; Includes all furniture, fixtures, and equipment (FF&E).; Class AA Liquor License included in the sale.
