123 Broadway Fargo, ND 58102
Property Features for 123 Broadway
General Information
- Property type
- Retail properties
- Square Feet
- 17,690 SF
Building Details
- Year Built
- 1895
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 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 Profile
Location Intelligence
Current Use by Public Records
The Silver Lining Creamery
Grocery & Convenience Store
Senator John Hoeven
Federal Government Office
Affinity Benefit Consultants ...
Business Management Consultant
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.