For Sale
$1,900,000

215 BroadwayFargo, ND 58102

High-Yield Retail Condo, Fargo, ND

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two fully leased retail condominiums totaling 4,881 square feet within the vibrant downtown Fargo district. Located at 215 Broadway N, Fargo, ND 58102, this 2019-built property boasts a strong 6.62% capitalization rate and a substantial net operating income (NOI) of $125,757. The property is situated in Block 9, a prominent building adjacent to Broadway Square, a hub for numerous community events. Current tenants, The Nines and Salt Hill Gallery, benefit from excellent walkability and bikeability scores, ensuring high foot traffic. This multi-tenant storefront offers a compelling long-term investment prospect, with an asking price of $1,900,000 ($389.26/sq ft). The property's prime location and strong tenancy make it an attractive addition to any portfolio. Potential investors should explore the possibility of Opportunity Zone tax benefits. This is a rare chance to acquire a high-performing retail asset in a thriving North Dakota market.

Property Details for 215 Broadway

Property type
Retail properties, Retail space
Square Feet
4,881 SF
Year Built
2019

Location Insight

City
Fargo
County
Cass
State
North Dakota
Latitude
46.878569115036
Longitude
-96.787659279475
215 Broadway, Fargo, North Dakota

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215 Broadway
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