4720 7Th Ave Fargo, ND 58103
- Office space
- 11,590 SF
Current Use by Public Records
- Jasmin Child Care and Preschool / Preschool / After School Program
- Nile River Grocerant / African Goods Store / African Restaurant
- Friendship Inc. / Social Services Organization
Property Details for 4720 7Th Ave
- Year built
- 1999
- Property size
- 11,590 SF
- Property type
- Office space
- APN
- 01-3880-01561-000
Description
This exceptional investment opportunity presents a 1-story, 11,590 square foot Class B office building situated on a 51,690 square foot lot in Fargo, North Dakota. Built in 1999 and renovated in 2015, the property boasts 7 units with an 80% occupancy rate, generating a strong NOI of $106,546 and a 7.50% cap rate. The asking price is $1,420,000, translating to $122.52 per square foot. The property is zoned for commercial use and operates under a NNN lease structure. This multi-tenant building offers a blend of creative and traditional office spaces, making it an attractive option for a diverse range of businesses. The property's location at 4720 7th Ave S, Fargo, ND 58103, within Cass County, provides excellent access to key amenities and transportation routes. The property is held in trust and its APN is 01-3880-01561-000. This value-add investment presents a compelling opportunity for growth and strong returns. The property's stabilized nature and proven cash flow make it an ideal addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.8651605
- Latitude
- 46.8686307
