300 N Broadway Ave
Fargo, ND 58102 Downtown Fargo

$450,000 - $615,000 USD

Loft Creative Space Condos For Sale • 1,708+ SF

Property Details

Property Type Loft Creative Space
Total Building Size 7,221 SF
Lot Size 0.44 AC
Building Class B
Year Built 2009
Tenancy Multiple
Zoning DMU

50 Transit Score

80 Walk Score

2 Units Available

Name	Condo Use	Size	Price
1st Floor - Unit 101	Retail	2,738 SF	$615,000 USD
Unit Size: 2,738 SF Condo Use: Retail Price: $615,000 USD Sale Type: Investment Price/SF: $224.62 USD Description 300 Broadway is an iconic building in downtown Fargo. This is the opportunity to purchase three retail condo’s, two that are fully leased in the heart of this vibrant district. With excellent walking and biking scores the tenants are sure to have a plenty of traffic for a successful business. Being a newer building with great tenants, this can be an excellent long-term investment. Opportunity Zone tax benefits may apply. Sale Notes 300 Broadway is an iconic building in downtown Fargo. This is the opportunity to purchase three retail condo’s, two that are fully leased in the heart of this vibrant district. With excellent walking and biking scores the tenants are sure to have a plenty of traffic for a successful business. Being a newer building with great tenants, this can be an excellent long-term investment. Opportunity Zone tax benefits may apply.
1st Floor - Unit 103/104	Retail	1,708 SF	$450,000 USD
Unit Size: 1,708 SF Condo Use: Retail Price: $450,000 USD Sale Type: Investment Price/SF: $263.47 USD Sale Notes Investment opportunity in the heart of Downtown Fargo, anchored by Erbert & Gerberts sandwich franchise under new ownership. The tenant has executed a new 5-year lease running through June 2031, featuring scheduled annual rent increases. With a Year 1 Net Operating Income of $31,970, delivering consistent, predictable cash flow in one of the most vibrant and recognizable buildings in Downtown Fargo. Downtown Fargo’s continued revitalization, make this an ideal asset for investors seeking a low-management, long-term hold with a creditworthy operator committed to the market.

Description

300 Broadway is an iconic building in Downtown Fargo. It has excellent walking and biking scores which drive traffic to the businesses in the building.