For Sale
$1,125,000

1122 1St AveFargo, ND 58102

Prime Fargo Office, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This 9,014 square foot, single-story office building presents a compelling investment opportunity in Fargo, North Dakota. Located at 1122 1st Ave N, this Class C property sits on a 21,000 square foot lot and is zoned for Downtown Mixed Use, offering significant redevelopment potential. Currently 100% occupied by two tenants under a gross lease, with a lease expiration date of July 30, 2025, representing a remaining lease term of approximately 0.7 years. The asking price is $1,125,000, translating to $124.81 per square foot. Built in 1947, the property offers a unique blend of established tenancy and future development possibilities. The building's location in the heart of Fargo's downtown area provides excellent access to amenities and transportation. This is an exceptional opportunity for owner-occupants seeking a well-located space or investors looking to capitalize on the redevelopment potential within Fargo's dynamic downtown core. No ground lease exists, and the property is held under Liffrig Family Investments. LLLP ownership. Tenants currently have no credit rating.

Highlights

  • $1,125,000 asking price for a 9,014 SF Class C office building in Fargo, ND.
  • 100% occupied multi-tenant property with two tenants under a gross lease.
  • 0.7 years remaining lease term expiring July 30, 2025; No tenant credit rating.
  • $124.81 price per square foot; Redevelopment opportunity.
  • Located at 1122 1st Ave N, Fargo, ND 58102, on a 21,000 SF lot with Downtown Mixed Use zoning.
  • Single-story, 1947-built building; Broker co-op available.

Property Details for 1122 1St Ave

Property type
Office properties
Square Feet
9,014 SF
Class
C
Year Built
1947
Buildings
1
Stories
1

Location Insight

City
Fargo
County
Cass
State
North Dakota
Latitude
46.877117
Longitude
-96.7967626
1122 1St Ave, Fargo, North Dakota

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1122 1St Ave
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