300 Broadway Fargo, ND 58102
- Retail properties
- 2,775 SF
Current Use by Public Records
- Sandy's Donuts / Coffee Shop / Breakfast Restaurant
- Erbert and Gerbert's / Caterer / Fast Food Restaurant
- Kindred People / Women'S Clothing Store / Clothing Store
Property Details for 300 Broadway
- Year built
- 2007
- Property size
- 2,775 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents three fully leased retail condos totaling 2,775 square feet at 300 Broadway North in Fargo, North Dakota, zip code 58102. Built in 2007, this property boasts 100% occupancy, generating a strong net operating income (NOI) of $56,197 and a compelling 7.07% capitalization rate. The asking price is $795,000. Located in the heart of downtown Fargo, this prime location offers excellent walkability and bikeability, ensuring high foot traffic for tenants. The property's modern construction and stable tenancy make it an attractive long-term investment prospect. Potential investors should explore the possibility of Opportunity Zone tax benefits. This is a rare chance to acquire a well-performing, established retail investment in a thriving urban core. The property is situated in Cass County and offers a significant return on investment for discerning buyers.
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
- 46.8793
