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29189652
29189650

2601 S University Dr, Fargo, ND 58103 For Sale

DS
ND ND 8360
Horizon Real Estate Group
Listed by Horizon Real Estate Group
$1,800,000
188 days on market
Updated 21 days ago

2601 S University Drive

Details
Property Type Office
Sub Type Medical Office
Square Footage 7,684
Cap Rate 7.72%
NOI $139,000
Tenancy Single
Price per SqFt $234
Class B
Year Built 1975
Year Renovated 2008
Acreage 0.440
Zoning Limited Commercial
Parking Spaces 18 spaces
Parking per 1,000 SqFt 2.34
Investment Type Owner/User

Free-standing Clinic building for sale; Short term sale leaseback ideal for owner occupant

Marketing description

Acquire a meticulously maintained owner-occupied 7,684 SF freestanding medical office priced below replacement cost. Sold with negotiable 1-5 year leaseback to Bergstrom Eye & Laser Clinic for immediate cash flow. Renovated 2008 with additional improvements in 2021 and 2026; features geothermal HVAC, glass windows & pitched ceilings, ADA access. ~18 parking + overflow. Limited Commercial zoning

Opportunity to acquire a fully built-out meticulously maintained owner-occupied medical office at a price well below replacement cost.

The property will be sold with a 1-5 year (negotiable) leaseback from Bergstrom Eye and Laser Clinic, providing immediate cash flow and stability to the Buyer. Future owner-users or investment buyers will receive ample notice to plan for re-tenanting or occupancy should the clinic relocate prior to the lease expiration.

Originally constructed in 1975 and used for many years as a restaurant, the building was completely renovated in 2008 into a state-of-the-art laser eye clinic, with additional interior reconfigurations in 2021 and 2026 . Notable features of the building include energy-efficient geothermal heating and a distinctive exterior featuring large glass windows, pitched ceilings, decorative brick, shakes, handicap accessible ramp, and front vestibule area for patients. The property includes approximately 18 parking spaces, with overflow parking currently available in the neighboring University Square Shopping Center. Current zoning is Limited Commercial.

This offering is well-suited for a medical user, 1031 exchange buyer, or investor seeking stable short-term income with long-term flexibility. Don’t miss the opportunity to add this exceptional asset to your commercial real estate portfolio.

Listing Contacts

DS
ND ND 8360
Horizon Real Estate Group
Listed by Horizon Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$139,000.00
$11,583.33/mo

Valuation Metrics

0
DSCR
7.72%
Cap Rate
7.72%
ROI

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Additional Information

Name
David Schlossman
License
ND 8360
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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