3380 43Rd AveMoorhead, MN 56560

Property Details for 3380 43Rd Ave

Property type

Commercial real estate

APN

58.424.0070

APU

584240070

Description

This exceptional Class A industrial warehouse, situated on 1.73 acres in Moorhead, MN (3380 43rd Ave S, 56560), presents a compelling investment opportunity. The newly constructed (2023) single-story building boasts a total of 13,300 square feet, divided into three units. Currently, two of the three units are leased, resulting in a 50% occupancy rate. One tenant occupies 6,300 square feet of net rentable space, while another tenant occupies 4,900 square feet under a lease with four years remaining. A third unit of 2,100 square feet is available. The building features 14-foot-tall overhead garage doors, ideal for various industrial uses. The property is zoned for light industrial use and benefits from Moorhead's tax incentives for businesses. The asking price is $1,998,000, translating to $150.23 per square foot. This multi-tenant property offers a strong foundation for immediate income generation and future growth potential within a thriving industrial area. The property is located in the MCCARA Addition. Rent bumps are included in the lease agreements.

Location Insight

City

Moorhead

County

Clay

State

Minnesota

Latitude

46.8389

Longitude

-96.7036

CBSA code

22020

CBSA name

FARGO, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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