411 1St Ave Bowman, ND 58623
This Bowman, North Dakota retail property, located at 411 1st Ave SW, presents a unique investment opportunity. The 2,480 square foot building, constructed in 1983, sits on a 0.29-acre lot (APN 35-0003-06671-001) and boasts a strong 8-inch reinforced concrete foundation. Previously operating as a convenience store, the property is adaptable to various retail or service businesses. The asking price is $248,000, translating to $100 per square foot. Key features include a 9,500 square foot concrete parking lot and two bathrooms. The property's strategic corner location at the intersection of Highway 85 and Highway 12 ensures high visibility and accessibility. Please note that all gas pumps, canopy, and underground tanks are scheduled for removal by July 2024, and the property cannot be sold to another gas station operator. This single-story building offers significant potential for a savvy investor seeking a well-located retail space in a thriving North Dakota community.
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
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.