1401 Oak Manor AveFargo, ND 58103

Property Details for 1401 Oak Manor Ave

Year built

1966

Lot size

1.37 AC

Property size (Sq ft)

17,310 SF

Zone code

LC

Property type

Office properties

Property subtype

Office buildings

APN

01-2210-00032-000

APU

1221000032000

Description

This exceptional 17,310 square foot commercial property, located at 1401 Oak Manor Ave S in Fargo, North Dakota, 58103, presents a unique investment opportunity. The building is classified as both retail and office space, currently configured as a single-tenant occupancy. The property boasts 4,605 square feet of readily available space, ideal for a variety of uses. Its previous use as a veterinary clinic suggests its suitability for medical office practices, but the adaptable layout allows for diverse configurations to meet the needs of various businesses. The building's convenient location just off University Drive ensures high visibility and accessibility. Ample parking is available, a significant advantage for businesses requiring substantial parking for staff and clients. The property's size and layout offer flexibility for businesses seeking a substantial footprint in a thriving Fargo neighborhood. This is a rare opportunity to acquire a well-situated, versatile commercial space in a desirable location. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,182,533

  6.5%

  $2,937,723

  7%

  $2,727,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $883,502

  Geo Method

  $883,502

• Alternative Use

  Use

  Valuation

  Residential

  $3,642,776

  Hospitality

  $3,336,764

  Educational

  $2,776,148

  Medical

  $2,871,624

  Retail

  $4,318,452

Location Insight

City

Fargo

County

Cass

State

North Dakota

Latitude

46.846

Longitude

-96.802

CBSA code

22020

CBSA name

FARGO, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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