1324 25Th Ave Fargo, ND 58103
- Commercial real estate
- 3,956 SF
- 0.22 lot acres
Current Use by Public Records
- Guadalajara Mexican Restaurant / Mexican Restaurant
Property Details for 1324 25Th Ave
- Year built
- 1975
- Lot size
- 0.22 lot acres
- Property size
- 3,956 SF
- Property type
- Commercial real estate
- APN
- 01-0066-000107-000
Description
This exceptional investment opportunity presents a thriving restaurant located at 1324 25th Ave S, Fargo, ND 58103. The property, situated on a 0.22-acre lot (APN: 01-0066-000107-000), boasts 3,956 square feet of space, including a basement sports bar and dining area. Built in 1975, the building has undergone significant recent improvements exceeding $60,000. These upgrades include a new roof, HVAC system (replaced in 2014), and a newer hood system. Additional improvements include new carpeting upstairs, a new compressor for the walk-in cooler, and a security system. The property is currently leased under a NNN (Net, Net, Net) lease agreement with a single tenant for a 5-year term. The asking price is $525,000. Its prime location just off I-94 and University Drive South in South Fargo ensures high visibility and accessibility. There are no remaining lease incentives. This turnkey operation offers a strong return on investment with a current tenant in place and substantial recent capital improvements. The property's features and location make it an ideal addition to any investment portfolio.
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
- -96.8004957
- Latitude
- 46.8431443
