520 3Rd StJamestown, ND 58401

This exceptional investment opportunity presents a fully leased, 27,577 square foot Class B office building located at 520 3rd St NW, Jamestown, ND 58401. The property boasts a strong 9.23% cap rate and a stable NOI of $240,000, generated by a single, credit-rated corporate tenant – the North Dakota Department of Health and Human Services – under a modified lease since 1978. The three-story, 1978-built building, renovated in 2009, features a wood frame with brick veneer and metal exterior, and a new asphalt shingle roof installed in 2022. The 68,600 square foot lot provides ample parking for 72 vehicles. The building includes multiple heating and cooling systems, elevators, and handicap-accessible ramps. Situated in a Public Open Development and Conservation District adjacent to the James River, this property offers a unique blend of tranquil riverfront location and convenient urban access. The building's net rentable area is 27,419 square feet, with an asking price of $2,600,000 ($94.28/sq ft). This stabilized investment offers exceptional security and consistent income potential.