5080 38Th St Fargo, ND 58104
This exceptional commercial land offering presents a unique investment opportunity in Fargo, North Dakota. Strategically located along Interstate 29 at the intersection of 38th Street South and 51st Avenue South, this property boasts high visibility and convenient access. The site offers two distinct lots available for purchase: Lot 1, Block 2 encompasses 13.88 acres and is priced at $12.00 per square foot, while Lot 1, Block 1 comprises 9.8 acres and is priced at $15.00 per square foot. Both lots are zoned for commercial use, providing flexibility for a wide range of development possibilities. The area enjoys a thriving commercial environment, with nearby established businesses including Gate City Bank, Aldi, Happy Harry's Bottle Shops, Walmart, Starbucks, Kingpinz Social, Suite Shots, Cash Wise, Plaza Azteca, and McDonald's. Further enhancing the property's appeal, the construction of Alexander Drive South is anticipated to be completed this summer, promising improved connectivity and accessibility. This prime location, coupled with the potential for subdivision and the presence of numerous successful businesses, makes this an exceptional opportunity for investors seeking high-impact commercial development in a rapidly growing area. The property's size and location offer significant potential for future growth and return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.