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North University Drive Investment Property 312 University Dr N 4,014 SF 76% Leased Retail Building Fargo, ND 58102 $755,000 ($188.09/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Modern office space with updated HVAC in Unit 308 offers turnkey functionality and comfort for professional use.
- Prime visibility and traffic counts at the intersection of I-35 and Highway 60 make this site ideal for high-exposure businesses.
- Recent upgrades include a newly replaced roof, updated exterior siding (2024), and a refreshed parking lot (2023).
EXECUTIVE SUMMARY
Rare opportunity for investors seeking a high-visibility, income generating asset in the rapidly growing urban corridor. This property is ideal for retail or office suites.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,014 SF
Building Class
C
Year Built
1919
Price
$755,000
Price Per SF
$188.09
Cap Rate
6.80%
NOI
$51,340
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
LC
Frontage
31’ on County Road 81
AMENITIES
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This is the perfect place to start or grow a small business!! Fantastic location and great visibility with over 12,000 vehicles every day! Features front and rear access, private bathroom, updated exterior store front, 2 reserved, signed parking stalls in the rear parking lot.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 952 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 952 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 952 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
This is the perfect place to start or grow a small business!! Fantastic location and great visibility with over 12,000 vehicles every day! Features front and rear access, private bathroom, updated exterior store front, 2 reserved, signed parking stalls in the rear parking lot.
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-2340-01641-070 | Improvements Assessment | $181,650 |
| Land Assessment | $49,500 | Total Assessment | $231,150 |
PROPERTY TAXES
Parcel Number
01-2340-01641-070
Land Assessment
$49,500
Improvements Assessment
$181,650
Total Assessment
$231,150
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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North University Drive Investment Property | 312 University Dr N
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