505 3Rd Ave N Fargo, ND 58102

Property Details for 505 3Rd Ave N

Year built

1949

Property size

22,642 SF

Property type

Commercial real estate

Description

This exceptional mixed-use property, known as the Legion Building, presents a compelling investment opportunity in the vibrant heart of downtown Fargo, North Dakota. Located at 505 3rd Ave N, this 22,642 square foot building, constructed in 1949, offers significant potential for redevelopment or continued operation. The asking price is $1,100,000, translating to $48.58 per square foot. Its strategic location directly across from the newly constructed RDO Tower, a mixed-use development featuring office space, retail, a hotel, restaurant, and residential condominiums, positions this property for substantial growth. The RDO Tower's presence significantly enhances the area's desirability and economic vitality. This single-building property may qualify for Renaissance Zone or Opportunity Zone tax benefits, offering further financial advantages to the prospective buyer. The property's size and versatile nature make it suitable for a variety of uses, catering to the evolving needs of the downtown Fargo market. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity in a rapidly developing urban core. The property is situated in Cass County, Fargo, ND, zip code 58102.