123 Broadway Fargo, ND 58102
- Retail properties
- 17,690 SF
Current Use by Public Records
- The Silver Lining Creamery / Ice Cream Shop
- Senator John Hoeven / Federal Government Office
- Affinity Benefit Consultants Inc / Business Management Consultant
Property Details for 123 Broadway
- Year built
- 1895
- Property size
- 17,690 SF
- Property type
- Retail properties
Description
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.
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
- -96.7875
- Latitude
- 46.878
