216 14Th StBismarck, ND 58501
- Healthcare properties
- 1,803 SF
Property Details for 216 14Th St
- Year built
- 1927
- Construction
- FRAME
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 1,803 SF
- Zone code
- CG
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 0010-011-005
- APU
- 10011005
Description
This exceptional 2,886 square foot property located at 216 N 14th Street, Bismarck, North Dakota, presents a unique investment opportunity. Situated on a 0.16-acre lot, this turnkey wellness center has served as a thriving hub for holistic wellness for nearly a decade. The building is meticulously designed to cater to the needs of the wellness and/or medical community, offering a move-in ready solution complete with specialized float therapy suites, individual offices, and significant potential for expansion. Each room is thoughtfully designed to maximize focus and healing. The float therapy suites feature over 1,200 pounds of Epsom salt per pool, state-of-the-art temperature controls, and soundproofed private rooms, ensuring the highest level of comfort and care. A basement area provides additional space, suitable for owner occupancy or rental, generating further income streams. City-approved expansion plans are in place, allowing for seamless growth and adaptation to evolving market demands. The existing infrastructure is robust, minimizing upfront investment and allowing the new owner to concentrate on service expansion and client acquisition. The property is priced at $600,000 and includes an assumable loan with a 4.6% interest rate, representing a compelling financial advantage. This is an exceptional opportunity for a visionary leader to acquire a well-established, high-quality wellness center with significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $281,991
- 6.5%
- $260,299
- 7%
- $241,706
-
Comparable approach
- Method
- Valuation
- Relative Method
- $92,025
- Geo Method
- $92,025
-
Alternative Use
- Use
- Valuation
- Residential
- $322,771
- Hospitality
- $295,656
- Educational
- $245,983
- Medical
- $254,442
- Retail
- $382,640
Location Insight
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Latitude
- 46.807
- Longitude
- -100.771
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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