301 Gumbo LoopOakdale, ND 58640

  • Hospitality properties
  • 8,720 SF
For Sale
$1,000,000 View listing

Property Details for 301 Gumbo Loop

Year built
1980
Property size (Sq ft)
8,720 SF
Property type
Hospitality properties
Property subtype
Other specialty properties

Description

This exceptional commercial property in Killdeer, North Dakota, presents a unique investment opportunity. The 8,720-square-foot building encompasses a versatile shop with three 16-foot overhead doors, ideal for various industrial or commercial uses, and a five-office space with two conference rooms. Three on-site apartments provide additional income potential or housing for staff. Complementing the commercial space is a well-maintained 19-pad RV park, perfectly positioned to serve the thriving energy sector in the Williston Basin. Built in 1980, this Class B property boasts a current occupancy of 20%, projected to increase. The asking price is $1,000,000, representing a compelling $114.68 per square foot and a projected 11.06% capitalization rate based on a Net Operating Income (NOI) of $110,600. Projected expenses include $16,175 for heat, $1,620 for water, sewer, and gas, $4,800 for snow removal, $5,790 for property taxes, and $6,600 for insurance. The property's location in Dunn County, within the dynamic Williston Basin, offers significant growth potential due to the region's robust oil and gas production. Seller financing may be available for qualified buyers. The property's address is 301 Gumbo Loop, Killdeer, ND 58640. APN: 10-8204-023.

301 Gumbo Loop, Oakdale, North Dakota

Location Insight

City
Oakdale
County
Dunn
State
North Dakota
Latitude
47.4712
Longitude
-102.897

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