1621 South University Drive

Fargo, ND

Shopping Center for Sale - $3,900,000 - 23,000 Sq. Ft. on 3 acres


Agent Info

Gregg Lane

Property Info

CIMLS#1100951
Location
  1621 South University Drive
  Fargo ND 58103
UpdatedSeptember 3rd, 2021
TypeShopping Center
Price$3,900,000
Building23,000 Sq. Ft.
Land3 acres

Attached Documents


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Property Description

11 structures on contiguous property on prime commercial street with high traffic and visibility near a major interstate intersection. 26,000 cars per day. Central South Fargo, North Dakota. Incredible development potential. Main building is called “South Plaza” and is a large combination strip mall and office building. 2 additional buildings are a free standing pharmacy and a restaurant with separate parking. Entire block of 8 residential houses adjacent to the commercial properties are also offered and could be developed together. Property is near 2 major Hospitals. Shopping center is approx 10,000 sqft of store front commercial space with approx 10,000 sqft of office space on the second floor. Commercial buildings are approx 1500 sqft each. The 8 houses are all 2-3 bedrooms, 1-2 baths with garages, and each approx 1000 sqft on main floor. Most have finished basements for additional sqft.


Financials

August 2020 appraisal of these properties separately was $2,750,000.