117 BroadwayFargo, ND 58102
- Retail properties
- 5,736 SF
Property Details for 117 Broadway
- Year built
- 1911
- Property size (Sq ft)
- 5,736 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
Exceptional investment opportunity in downtown Fargo, North Dakota. This value-add retail property consists of two storefronts totaling 5,736 square feet at 117 and 119 Broadway N, zip code 58102, located less than a block from Broadway Square. Built in 1911, the property boasts a strong 7.00% cap rate and a current Net Operating Income (NOI) of $77,752, with an asking price of $1,110,000 ($193.51 per square foot). Currently 100% occupied, this property benefits from high foot traffic due to its prime location within a densely populated area with approximately 5,000 residents nearby and 20,000 employees in the downtown Fargo neighborhood. The prominent windowed storefronts provide excellent visibility and exposure. Potential Opportunity Zone tax benefits may apply. This is a rare chance to acquire a well-positioned, income-producing retail asset in a thriving downtown area.
Location Insight
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Latitude
- 46.8775
- Longitude
- -96.7876
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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