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    216 University Dr Fargo, ND 58102

    Sponsored
    For Sale
    $379,500

    High-traffic corner lot, great investment!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,000 square foot commercial land parcel is situated on a signalized corner of University Drive in Fargo, North Dakota, zip code 58102. Boasting over 14,000 vehicles passing daily, this property offers unparalleled visibility and accessibility with multiple access points. The location is near downtown Fargo, providing convenient access to the city's amenities and a thriving business community. A key advantage is the existing Newman billboard, currently generating revenue. This presents a unique opportunity for immediate income generation alongside the potential for future development. The property's 140 feet of frontage along University Drive ensures maximum exposure for any business. This prime location makes it ideal for a wide range of commercial ventures, from retail establishments to office spaces, or as a strategic investment opportunity. The asking price for this exceptional property is $379,500. Don't miss this chance to secure a highly visible and profitable location in a rapidly growing area. The address is 216 N University Dr, Fargo, Cass County, North Dakota.

    Property Features for 216 University Dr

    General Information

    Property type
    Land

    HighLights

    • 14,000 SF commercial land parcel in Fargo, ND (58102).
    • High visibility corner lot on University Drive with over 14,000 vehicles passing daily.
    • Excellent location near downtown Fargo with multiple access points.
    • Income‑generating Newman billboard currently in place.
    • 140 feet of frontage on University Drive.
    • Asking price: $379,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.79860064
    Latitude
    46.87896211

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, great investment!
    Where is this land located?
    The property is located at 216 University Dr Fargo, ND.
    What is the asking price?
    The asking price for this property is $379,500.
    What are key features of this property?
    This property features: 14,000 SF commercial land parcel in Fargo, ND (58102).; High visibility corner lot on University Drive with over 14,000 vehicles passing daily.; Excellent location near downtown Fargo with multiple access points.
    (701) 212-4144
    Request Owner's contact information
    216 University Dr 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
    216 University Dr Fargo, ND 58102
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