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    123 Broadway Fargo, ND 58102

    Sponsored
    For Sale
    $3,600,000

    High-yield retail property, 100% occupied.

    Property size:
    17,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity is located at 123 Broadway N, Fargo, ND 58102. The 17,690 square foot building, constructed in 1895, boasts a commanding presence directly across from Broadway Square, the vibrant heart of Downtown Fargo. Its prime location offers unparalleled access to the city's downtown skyway system, ensuring high visibility and convenient pedestrian traffic. Currently operating at 100% occupancy, the property features strong, long-term tenants, generating a substantial net operating income (NOI) of $247,593 and a compelling 6.88% capitalization rate. The asking price is $3,600,000, translating to a price per square foot of $203.50. This property presents a rare chance to acquire a well-established, high-performing retail asset in a thriving downtown area. The property's historical significance and strategic location combine to offer significant potential for future appreciation. *Opportunity Zone tax benefits may apply. Further due diligence is recommended to confirm eligibility. This is a turnkey investment ready for immediate income generation.

    Property Features for 123 Broadway

    General Information

    Property type
    Retail properties
    Square Feet
    17,690 SF

    Building Details

    Year Built
    1895

    HighLights

    • 123 Broadway N, Fargo, ND 58102: 17,690 SF retail building, 100% occupied.
    • Prime downtown location across from Broadway Square, with skyway access.
    • Strong, long‑term tenants generating $247,593 NOI and a 6.88% cap rate.
    • Asking price: $3,600,000 ($203.50/SF).
    • Turnkey investment with potential Opportunity Zone tax benefits (buyer to verify).
    Property Profile Location Intelligence

    Current Use by Public Records

    The Silver Lining Creamery Ice Cream Shop Senator John Hoeven Federal Government Office Affinity Benefit Consultants ... Business Management Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.78754553778
    Latitude
    46.878014968192

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    FAQs

    What type of property is this?
    Retail property - High-yield retail property, 100% occupied.
    Where is this retail property located?
    The property is located at 123 Broadway Fargo, ND.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 123 Broadway N, Fargo, ND 58102: 17,690 SF retail building, 100% occupied.; Prime downtown location across from Broadway Square, with skyway access.; Strong, long-term tenants generating $247,593 NOI and a 6.88% cap rate.
    (701) 200-7691
    Request Owner's contact information
    123 Broadway Fargo, ND 58102
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    Fargo, ND 58102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Broadway Fargo, ND 58102
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