503 7Th StFargo, ND 58102
- Office properties
- 44,963 SF
Property Details for 503 7Th St
- Year built
- 1920
- Property size (Sq ft)
- 44,963 SF
- Property type
- Office properties
- Property subtype
- Other office properties
Description
This meticulously renovated, four-story, 44,963 square foot Class B office building in downtown Fargo, ND boasts 100% occupancy with four tenants under gross leases. Built in 1920 and renovated in 2020, the property features 114 parking spaces and sits on a 37,000 square foot lot. The asking price is $5,750,000, representing a $127.88 per square foot price and a 7.73% cap rate with a $444,244 NOI. Located at 503 7th St N, Fargo, ND 58102, this stabilized investment enjoys a prime location near major employers, cultural attractions, and amenities. The property is zoned Commercial/Industrial and offers end-of-term rent escalations. This is a rare opportunity to acquire a high-performing asset in a thriving downtown market. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an exceptional investment opportunity.
Location Insight
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Latitude
- 46.8815
- Longitude
- -96.7897
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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