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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

411 1St Ave Bowman, ND 58623

2,480 SF 0.29 ac lot Built 1983
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1983
Total area 2,480 SF
Lot 0.29 ac (12,632 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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