1122 1St Ave Fargo, ND 58102
- Office Properties & Spaces
- 9,014 SF
Current Use by Public Records
- Off Main / Mental Health Service
- Memory Cafe / Non-Profit Organization
- F5 Project / Non-Profit Organization
- Chris Shiaro / Counselor
Property Details for 1122 1St Ave
- Year built
- 1947
- Property size
- 9,014 SF
- Property type
- Office Properties & Spaces
Description
This 9,014 square foot, single-story office building presents a compelling investment opportunity in Fargo, North Dakota. Located at 1122 1st Ave N, this Class C property sits on a 21,000 square foot lot and is zoned for Downtown Mixed Use, offering significant redevelopment potential. Currently 100% occupied by two tenants under a gross lease, with a lease expiration date of July 30, 2025, representing a remaining lease term of approximately 0.7 years. The asking price is $1,125,000, translating to $124.81 per square foot. Built in 1947, the property offers a unique blend of established tenancy and future development possibilities. The building's location in the heart of Fargo's downtown area provides excellent access to amenities and transportation. This is an exceptional opportunity for owner-occupants seeking a well-located space or investors looking to capitalize on the redevelopment potential within Fargo's dynamic downtown core. No ground lease exists, and the property is held under Liffrig Family Investments. LLLP ownership. Tenants currently have no credit rating.
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
- -96.7968
- Latitude
- 46.8771
