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670 4th Ave N - St. Mark's Lutheran Church 25,000 SF Specialty Building Offered at $5,200,000 at a 7.40% Cap Rate in Fargo, ND 58102
Executive Summary
This property is a beautiful venue that is leased by the Sanctuary Event Center. With great parking along with a fantastic venue the Sanctuary stays busy with weddings, concerts and events of all sorts. This has a long-term lease in place with annual increases in rent. There are an additional 58 spaces that could be rented out for $75.00 per month. *Opportunity Zone tax benefits may apply.
Property Facts
| Price | $5,200,000 | Building Class | B |
| Price Per SF | $208 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 25,000 SF |
| Cap Rate | 7.40% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1912/2016 |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Zoning | DMU - Downtown Mixed Use | ||
| Price | $5,200,000 |
| Price Per SF | $208 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 25,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2016 |
| Opportunity Zone |
Yes |
| Zoning | DMU - Downtown Mixed Use |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01-0450-00100-000 | Improvements Assessment | $1,070,850 |
| Land Assessment | $94,500 | Total Assessment | $1,165,350 |
Property Taxes
Parcel Number
01-0450-00100-000
Land Assessment
$94,500
Improvements Assessment
$1,070,850
Total Assessment
$1,165,350
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670 4th Ave N - St. Mark's Lutheran Church
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