Listed by Property Resources Group
$645,000
Office Building for Sale
Details
Property Type Office, Mixed Use
Sub Type Traditional Office
Square Footage 11,040
Occupancy 52%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 8.50%
Pro-Forma NOI $54,840
Price per SqFt $58
Broker Co-Op Yes
Year Built 1935
Buildings 1
Lot Size (SqFt) 17,846
Zoning Downtown Mized Use (DMU)
Investment Type Value Add
Office | 11,040 SqFt
Marketing description
Now offered for sale: a well-maintained investment property located near West Fargo’s revitalized downtown at 133 Main Ave W. With current occupancy at 52%, this property offers in-place income and a great opportunity for an owner occupant. The future redevelopment potential being zoned DMU (Downtown Mixed Use), the site allows for a range of uses including multifamily, giving investors flexibility for long-term value creation. Key building upgrades over the past decade include a new roof, updated windows, and a new HVAC system. A rare opportunity to own a asset with upside in West Fargo’s Main Ave Corridor.
Listing Contacts
Listed by Property Resources Group
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