For Sale
$525,000

1324 25Th AveFargo, ND 58103

Profitable Restaurant, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving restaurant located at 1324 25th Ave S, Fargo, ND 58103. The property, situated on a 0.22-acre lot (APN: 01-0066-000107-000), boasts 3,956 square feet of space, including a basement sports bar and dining area. Built in 1975, the building has undergone significant recent improvements exceeding $60,000. These upgrades include a new roof, HVAC system (replaced in 2014), and a newer hood system. Additional improvements include new carpeting upstairs, a new compressor for the walk-in cooler, and a security system. The property is currently leased under a NNN (Net, Net, Net) lease agreement with a single tenant for a 5-year term. The asking price is $525,000. Its prime location just off I-94 and University Drive South in South Fargo ensures high visibility and accessibility. There are no remaining lease incentives. This turnkey operation offers a strong return on investment with a current tenant in place and substantial recent capital improvements. The property's features and location make it an ideal addition to any investment portfolio.

Highlights

  • Excellent location in South Fargo, near I-94 and University Drive.
  • HVAC system replaced in 2014.
  • New carpeting installed upstairs.
  • Recently replaced front and back roofs.
  • Newer hood system installed.
  • New walk-in cooler compressor.

Property Details for 1324 25Th Ave

Property type
Retail properties, Restaurants
Square Feet
3,956 SF
Year Built
1975
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Fargo
County
Cass
State
North Dakota
Latitude
46.8431443
Longitude
-96.8004957
1324 25Th Ave, Fargo, North Dakota

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1324 25Th Ave
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