For Sale
$795,000

300 Broadway Fargo, ND 58102

High-Yield Retail Condo Trio in Fargo

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents three fully leased retail condos totaling 2,775 square feet at 300 Broadway North in Fargo, North Dakota, zip code 58102. Built in 2007, this property boasts 100% occupancy, generating a strong net operating income (NOI) of $56,197 and a compelling 7.07% capitalization rate. The asking price is $795,000. Located in the heart of downtown Fargo, this prime location offers excellent walkability and bikeability, ensuring high foot traffic for tenants. The property's modern construction and stable tenancy make it an attractive long-term investment prospect. Potential investors should explore the possibility of Opportunity Zone tax benefits. This is a rare chance to acquire a well-performing, established retail investment in a thriving urban core. The property is situated in Cass County and offers a significant return on investment for discerning buyers.

Highlights

  • Three fully leased retail condos totaling 2,775 square feet.
  • 100% occupancy with a strong NOI of $56,197 and a 7.07% cap rate.
  • Asking price: $795,000.
  • Prime downtown Fargo location offering high foot traffic.
  • Built in 2007; modern construction and stable tenancy.
  • Potential Opportunity Zone tax benefits.

Property Details for 300 Broadway

Property type
Retail properties
Square Feet
2,775 SF
Year Built
2007

Location Insight

City
Fargo
County
Cass
State
North Dakota
Latitude
46.879309138888
Longitude
-96.787692680349

FAQs

What type of property is this?
Retail property - High-Yield Retail Condo Trio in Fargo
Where is the retail property located?
The property is located at 300 Broadway Fargo, ND.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three fully leased retail condos totaling 2,775 square feet.; 100% occupancy with a strong NOI of $56,197 and a 7.07% cap rate.; Asking price: $795,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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300 Broadway
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