1340 21St Ave Fargo, ND 58103
- Commercial real estate
- 57,702 SF
- 4.90 lot acres
Current Use by Public Records
- Vista Inn & Suites Fargo, North Dakota / Hotel / Extended Stay Hotel
- Baymont by Wyndham Fargo / Hotel / Inn
- Alibi Lounge / Lounge
Property Details for 1340 21St Ave
- Year built
- 1960
- Lot size
- 4.90 lot acres
- Property size
- 57,702 SF
- Property type
- Commercial real estate
Description
This exceptional 57,702 square foot retail property, located at 1340 21st Ave S in Fargo, ND 58103, presents a unique investment opportunity. Built in 1960 and extensively renovated in 2022, this five-story building sits on a 4.9-acre lot and is currently operating as the Baymont by Wyndham Fargo, generating high earning revenue streams from hotel operations, an interior restaurant, and bar. The asking price is $2,900,000, translating to $50.26 per square foot. The land value alone is significant, at $13.58 per square foot. This prime location along a bustling interstate boasts high traffic volume and is surrounded by exciting redevelopment projects, including a 30,000 square foot retail redevelopment to the south and a new 5-story, 127-unit mixed-use apartment complex to the north. The property benefits from many recent capital improvements and an extremely low remaining special assessment balance. The substantial size and prime location offer limitless redevelopment possibilities, including retail, office, or mixed-use developments. This property is perfectly positioned to capitalize on the booming Fargo market and offers a compelling return on investment for discerning buyers.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.8004683
- Latitude
- 46.8463963
