1340 21st Avenue South, Fargo, ND, 58103

1340 21st Avenue South Fargo, ND 58103

1340 21st Avenue South, Fargo, ND, 58103
1340 21st Avenue South, Fargo, ND, 58103
FOR SALE
Property Type:
Hotel
Amount:
$2,900,000
Last Verified:
Jun 16, 2024

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Highlights

  • Incredible visibility

Description

The Baymont is a premiere gateway property coming into Fargo ND, located directly off of I-94. This is one of the highest viewed properties in Fargo, with a -- daily traffic count off of I-94 and a -- daily traffic count off of University Drive. This fantastic property is a rare opportunity, that will give the owner endless capabilities of what could be done. The Baymont is a staple location of Fargo.

The Baymont is a premiere gateway property coming into Fargo ND, located directly off of I-94. This is one of the highest viewed properties in Fargo, with a -- daily traffic count off of I-94 and a -- daily traffic count off of University Drive. This fantastic property is a rare opportunity, that will give the owner endless capabilities of what could be done. The Baymont is a staple location of Fargo.


Year Built: 1960
Building Size: 57702sq ft
Lot Size: 4.9 acres


Documents

Offering Memorandum

Map of 1340 21st Avenue South, Fargo, ND, 58103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.