855 45Th St Fargo, ND 58103
- Retail space
- 24,481 SF
Current Use by Public Records
- Fargo Halal Market / Grocery Store
- Passage To India Restaurant / Bangladeshi Restaurant / Nepalese Restaurant
- Sana Coffee Shop / Coffee Shop
- Somali Halal Food Market / Grocery Store
- LibertyX Bitcoin ATM / Atm
Property Details for 855 45Th St
- Year built
- 1997
- Property size
- 24,481 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 01-3880-01609-000
Description
This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 855 45th St S, Fargo, ND 58103, within the Westfield Business Park. The property, built in 1997 and renovated in 2019, encompasses a single-story, 24,481 square foot building situated on a substantial 122,895 square foot lot. Currently boasting 87.5% occupancy across seven tenants, the property generates a strong net operating income (NOI) of $266,564, yielding an attractive 8.46% cap rate. The asking price is $3,150,000, translating to $128.67 per square foot. The property is classified as Class B, with a NNN lease structure. Zoned for commercial use, this property offers a compelling value-add investment opportunity. The property features eight units and is categorized as a restaurant and storefront, offering a diverse tenant mix. The property's strong financial performance, combined with its prime location and significant lot size, makes it an ideal investment for discerning buyers seeking a stable and potentially appreciating asset. The property's APN is 01-3880-01609-000 and is held in trust. Occupancy commenced on February 1st, 2016.
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
- -96.862772
- Latitude
- 46.8677735
