516 Broadway Dr Fargo, ND 58102
- Retail properties
- 18,712 SF
Current Use by Public Records
- Retail properties
Property Details for 516 Broadway Dr
- Year built
- 1926
- Property size
- 18,712 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property in downtown Fargo, ND, presents a unique investment opportunity. Encompassing nearly an entire block at 516 N Broadway Dr, this 18,712 square foot building, constructed in 1926, boasts 14 apartment units (six studios and eight one-bedroom units) and four ground-floor commercial spaces currently occupied by Beyond Running, Outermost Layer, Bismarck Tavern, and Spaghetti Western Restaurant. The two-story building offers a compelling blend of historic charm and modern functionality, situated in a thriving downtown area experiencing significant growth and development. Its prime location provides convenient access to North Dakota State University, Hector International Airport, and major highways (I-29, I-94, Highways 10 and 75). The property's location within a Renaissance Zone offers potential tax advantages. The asking price is $2,150,000, translating to $114.90 per square foot. This presents a rare chance to acquire a substantial piece of Fargo's vibrant downtown landscape, offering both strong rental income potential and significant upside for future development. The property is offered as an owner/user investment.
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
- -96.7877
- Latitude
- 46.8816
