1922 Broadway AveBismarck, ND 58501

Property Details for 1922 Broadway Ave

Year built

1972

Lot size

0.43 AC

Property size (Sq ft)

958 SF

Zone code

CG

Property type

Retail properties

Property subtype

Drive through restaurants

APN

0105-018-010

APU

105018010

Description

This 1,578-square-foot restaurant in Bismarck, North Dakota, presents a compelling investment opportunity at $415,000. Situated on a spacious 18,914-square-foot lot, this single-unit property, built in 1972 and renovated in 1995, features a convenient drive-thru. The building includes a 958-square-foot main footprint, supplemented by 260 square feet of storage and cooler space, and a 360-square-foot basement. Key features include two 10' x 8' walk-in coolers/freezers, a grease hood and condensation hood, three-compartment and handwashing sinks, exhaust fans, make-up air units, and two rooftop HVAC units. A small dining area with seating for 31 is included, along with a restroom and a 12' x 30' basement containing a bathroom, grease trap, and reverse osmosis water purifier. The property boasts a fire suppression system, a security system, two 250-amp electrical panels, and three 240v outlets in the kitchen. A pylon sign, menu board, and drive-thru technology are also included. The 2023 property taxes were $4,350.72, with a zero special assessment balance. This well-equipped restaurant is ready for immediate operation.

• CAP approach

  CAP return

  Valuation

  6%

  $220,253

  6.5%

  $203,311

  7%

  $188,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,219

  Geo Method

  $123,219

• Alternative Use

  Use

  Valuation

  Residential

  $171,500

  Hospitality

  $157,093

  Educational

  $130,700

  Medical

  $135,195

  Retail

  $203,311

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8066

Longitude

-100.762

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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