100 Broadway Ave Bismarck, ND 58501-3839
- Retail space
- 30,227 SF
- 0.96 lot acres
Current Use by Public Records
- Timothy D. Lervick / Attorney
- Crowley Fleck Pllp: Waller Michael C / Attorney
- Crowley Fleck Pllp: Buckman Kimberly A / Attorney
- Crowley Fleck Pllp: Hanson Shane A / Attorney
- Crowley Fleck PLLP / Legal Services
Property Details for 100 Broadway Ave
- Year built
- 1965
- Lot size
- 0.96 lot acres
- Property size
- 30,227 SF
- Zone code
- DF
- Property type
- Retail space
- APN
- 0001-060-040
- APU
- 1060040
Description
This exceptional Bismarck, ND mixed-use property, the Broadway Building, presents a unique investment opportunity. Located at 100 W Broadway Ave, this three-story, 105,000 square foot building boasts a prime downtown location and diverse income streams. Currently housing a variety of established tenants including Broadway Spa and Salon, Crowley Fleck Law Firm, Federal Public Defender, ND Petroleum Council, Pine Petroleum, Inc., Pure Skin Aesthetic & Laser Center, and Top Speed Energy USA, LLC, the building offers significant rental income potential. Further income is generated by seventeen third-floor condos, each contributing monthly HOA fees and annual maintenance funds. The sale also includes the Broadway Grill & Tavern (separate purchase required for furniture, equipment, liquor license, and inventory). Building amenities include two large elevators, custom finishes, a large parking lot with enclosed heated ground-level parking, an exercise room, sauna, bathroom, and a meeting/gathering room on the third floor. The asking price is $21,000,000, reflecting a price per square foot of $200. Built in 2013, this iconic brick building offers substantial upside potential for a qualified buyer. Additional business space is available for lease, promising further revenue growth. This is a truly remarkable opportunity to acquire a whole city block in a thriving downtown area. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,290,000
- 6.5%
- $1,275,000
- 7%
- $1,215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,265,000
- Geo Method
- $1,445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,200,000
- Retail
- $1,255,000
- Mixed-Use
- $1,295,000
- Hospitality
- $1,045,000
- Educational
- $1,270,000
- Residential Income
- $1,185,000
- Energy
- $1,385,000
- Income-Based Land
- $1,305,000
- Food Service
- $1,200,000
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.79
- Latitude
- 46.8071
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA
