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855 45Th St Fargo, ND 58103

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For Sale
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Multi-Tenant Retail Center, High NOI

Property size:
24,481 SF

Property Features for 855 45Th St

General Information

Property type
Individual retail properties
Square Feet
24,481 SF
Class
B

Building Details

Year Built/Renovated
1997/2019
Buildings
1
Stories
1
Units
8

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Listing Contact
Kelly Parrett
Kelly Parrett

Listing Agent: Kelly Parrett

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 855 45th St S, Fargo, ND 58103, within the Westfield Business Park. The property, built in 1997 and renovated in 2019, encompasses a single-story, 24,481 square foot building situated on a substantial 122,895 square foot lot. Currently boasting 87.5% occupancy across seven tenants, the property generates a strong net operating income (NOI) of $266,564, yielding an attractive 8.46% cap rate. The asking price is $3,150,000, translating to $128.67 per square foot. The property is classified as Class B, with a NNN lease structure. Zoned for commercial use, this property offers a compelling value-add investment opportunity. The property features eight units and is categorized as a restaurant and storefront, offering a diverse tenant mix. The property's strong financial performance, combined with its prime location and significant lot size, makes it an ideal investment for discerning buyers seeking a stable and potentially appreciating asset. The property's APN is 01-3880-01609-000 and is held in trust. Occupancy commenced on February 1st, 2016.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Fargo Halal Market Grocery & Convenience Store Passage To India Restaurant Restaurant Sana Coffee Shop Cafe & Coffee Shop Somali Halal Food ... Grocery & Convenience Store LibertyX Bitcoin ATM Atm

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fargo
County
Cass
State
North Dakota
Longitude
-96.862772
Latitude
46.8677735

FAQs

What type of property is this?
Individual retail property - Multi-Tenant Retail Center, High NOI
Where is this individual retail property located?
The property is located at 855 45Th St Fargo, ND.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: $3,150,000 asking price for a stabilized, value-add retail investment.; Multi-tenant property (7 tenants) with 24,481 square feet of net rentable space.; 8.46% cap rate with a current NOI of $266,564.
(701) 361-1387 Call to check price and availability
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