6 Broadway - Storefront Retail/Office FOR SALE


Fargo, ND 58102- Downtown Fargo
$3,350,000 USD
701-893-3839
6 Broadway, Fargo, ND for Sale
$3,350,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

6 Broadway
Fargo, ND 58102
Downtown Fargo


HIGHLIGHTS

  • Strong tenant mix with recent long-term lease extensions
  • NNN leases with approximately 95+% of property expenses CAM'd back to tenants
  • Prime location in Fargo's dynamic downtown corridor
  • Built-in rent escalations offer reliable income growth
  • Opportunity to increase NOI through leasing of basement and vacant suite
  • This property offers long-term value and immediate cash flow in a premium location

OVERVIEW

Located in the heart of Downtown Fargo, 6 Broadway presents a rare opportunity to acquire a stabilized, multi-tenant investment property with long-term leases in place and strong tenant retention. This high-visibility property offers a blend of income security and future upside. Current Tenants: 1st Floor -Lease through July 2028, with a 5-year renewal option -Occupies 12,385 SF (including 7,800 SF basement) -Lease includes 2% annual increases -Potential to recapture and re-lease underutilized basement space 2nd Floor -Recently extended lease through October 2027, with two-year renewal option -Occupies 10,478 SF -Lease includes 3% annual increases Vacancy Opportunity: -640 SF main level space with direct access from main vestibule, ideal for boutique retail or office

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

DMU

APN/PARCEL ID

01-3508-00010-000,01-3508-01401-150

ASK ABOUT THIS PROPERTY

Nate VollmuthGoldmark Commercial Real Estate, Inc.More Info
701-893-3839

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Nate VollmuthGoldmark Commercial Real Estate, Inc.More Info
701-893-3839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.