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- LoopNet Team
228 Broadway N
Fargo, ND 58102
White Banner Building - Opportunity Zone! · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Within an Opportunity Zone!
- Mezzanine space
- Value-add opportunity
- Surrounded by new development such as Block 9, RoCo and Dillard
- Asbestos free as of 2018
- Access from Broadway in front and Roberts Alley in back
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 9,312 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built/Renovated | 1900/2018 |
| Zoning | DMU | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 9,312 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2018 |
| Zoning | DMU |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
SITE AMENITIES
- 24 Hour Access
- Bicycle Storage
- Conference Rooms
ABOUT 228 BROADWAY N , FARGO, ND 58102
Within an Opportunity Zone! The White Banner Building is a mixed-use building in Downtown Fargo, ND that was originally built in 1900. The building has been extensively updated and remodeled since then and is surrounded by numerous major developments such as Block 9, RoCo and Dillard. The three-story building has eight apartments on the top two floors that are fully occupied and the remaining two floors can be used for retail and/or office space. Located at the intersection of Broadway and 3rd Avenue N, this property is one of the best locations in Downtown Fargo. The front of the building can be accessed from Broadway and the rear of the building can be accessed from Roberts Alley. Roberts Alley was recently re-paved with concrete to accommodate all of the new retail space and apartments that line this busy road. Parking will not be a problem as there is parking on Broadway in front of the building and a brand new 455-stall parking garage just across the alley in the back.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 462 |
| 1+1 | 5 | - | 690 |
PROPERTY TAXES
| Parcel Number | 01-2460-00020-000 | Improvements Assessment | $582,600 |
| Land Assessment | $39,000 | Total Assessment | $621,600 |
PROPERTY TAXES
