503 7Th St Fargo, ND 58102
Property Features for 503 7Th St
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 44,963 SF
- Class
- B
Building Details
- Year Built/Renovated
- 1920/2020
- Buildings
- 1
- Stories
- 4
- Units
- 4
Listing Agency: Horizon Real Estate Group Listing Agent: Brian Tulibaski
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This meticulously renovated, four-story, 44,963 square foot Class B office building in downtown Fargo, ND boasts 100% occupancy with four tenants under gross leases. Built in 1920 and renovated in 2020, the property features 114 parking spaces and sits on a 37,000 square foot lot. The asking price is $5,750,000, representing a $127.88 per square foot price and a 7.73% cap rate with a $444,244 NOI. Located at 503 7th St N, Fargo, ND 58102, this stabilized investment enjoys a prime location near major employers, cultural attractions, and amenities. The property is zoned Commercial/Industrial and offers end-of-term rent escalations. This is a rare opportunity to acquire a high-performing asset in a thriving downtown market. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an exceptional investment opportunity.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bushel
(Bike/Boat/Book/etc) Store
Danielson Legal LLC
Law Firm
Money Farm
Consultant
AdShark
Advertising Agency
John Borge Studios
Photography Service
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.789656
- Latitude
- 46.8814754
Nearby Similar for Sale
FAQs
What type of property is this?
Office Property / Space - Historic Charm, High NOI, 100% Occupancy
Where is this office property / space located?
The property is located at 503 7Th St Fargo, ND.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Prime downtown Fargo location, steps from amenities, including the Fargo Theatre and Plains Art Museum.; Proximity to major employers like Sanford Health, RDO, and Bell Bank.; Excellent access to major roadways and the thriving Fargo-Moorhead business district.