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Property profile & analytics
OFF-MARKET
Land

5080 38Th St Fargo, ND 58104

9.8 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 9.8 ac (426,888 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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