224 Woodard AveAmenia, ND 58004

Property Details for 224 Woodard Ave

Year built

1932

Property size (Sq ft)

2,304 SF

Property type

Retail properties

Property subtype

Bars

APN

07-0100-11433-000

APU

7010011433000

Description

This thriving, established bar and grill, located at 224 Woodard Avenue S in Amenia, North Dakota, presents a unique investment opportunity. Boasting 3,600 square feet on a 0.2-acre lot, this popular local establishment is being offered for sale at $188,000. The sale includes all furniture, kitchen appliances and cookware, televisions, and a pool table – a complete turnkey operation ready for a new owner. The business benefits from the inclusion of charitable gaming equipment, specifically poker and digital slot machines, managed in coordination with the West Fargo Rural Fire Department. This adds a significant revenue stream to the existing operations. Importantly, the main floor of the bar underwent a complete renovation in 2019 by the current owners, ensuring modern and updated facilities. This is a prime opportunity to acquire a well-established business with a loyal customer base in a desirable location, ready to generate immediate income. The property's size and existing infrastructure provide ample space for operations and potential expansion. The inclusion of all equipment eliminates the need for significant upfront investment in furnishings and appliances. This turnkey operation is ideal for an experienced restaurateur or a first-time business owner seeking a profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $622,695

  6.5%

  $574,796

  7%

  $533,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $296,342

  Geo Method

  $296,342

• Alternative Use

  Use

  Valuation

  Residential

  $484,862

  Hospitality

  $444,131

  Educational

  $369,512

  Medical

  $382,220

  Retail

  $574,796

Location Insight

City

Amenia

County

Cass

State

North Dakota

Latitude

47.0049

Longitude

-97.2197

CBSA code

22020

CBSA name

FARGO, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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