802 24Th Ave Watford City, ND 58854
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.