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Property profile & analytics
OFF-MARKET
Commercial real estate

802 24Th Ave Watford City, ND 58854

29.74 ac lot
Property ID
US56-0683906
Property summary
AI-generated overview

This exceptional 29.74-acre parcel presents a remarkable opportunity for multifamily development in Watford City, North Dakota. Strategically located within city limits, north of the new truck bypass and directly west of Highway 85, this level lot offers unparalleled accessibility and visibility. Zoned R-3 for multifamily use, the property boasts the potential to support up to 504 apartment units, catering to the significant housing demand in the area. The site benefits from readily available city sewer and water connections, ensuring seamless infrastructure integration. Convenient access to McKenzie Cooperative Electric utility services and MDU natural gas further enhances the property's appeal. This prime location, coupled with its substantial size and zoning, makes it an ideal investment for developers seeking to capitalize on the thriving Watford City market. The property's flat terrain simplifies construction, minimizing site preparation costs and accelerating project timelines. With all essential utilities readily accessible, this land is ready for immediate development, presenting a unique opportunity to create a significant residential community. The asking price for this exceptional development opportunity is $150,000. The address is 802 24th Ave SW, Watford City, ND 58854.

Property profile
Verified
Property type Commercial real estate
Lot 29.74 ac (1,295,474 SF)
UPID US56-0683906
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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