20 N. University

20 University Dr N Fargo, ND 58102

20 University Dr N, Fargo, ND, 58102
20 University Dr N, Fargo, ND, 58102
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,100,000
Last Verified:
May 15, 2024

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Highlights

  • - Versatile 16,975 SF building
  • - Built in 1951 with timeless charm
  • - Zoned DMU for flexible usage
  • - Strategically located in Fargo
  • - Direct access from University Drive
  • - High visibility with 15,000 daily traffic count
  • - Potential for retail, office, or production use
  • - Adaptable space for diverse business needs

Description

Presenting a versatile shell building with the potential for conversion to retail, office, or production use, this distinguished 16,975 SF property at 20 University Dr. N in Fargo, ND offers an exceptional investment opportunity. Built in 1951, this prime space is strategically located with direct access from University Drive, between 1st Avenue North and NP Avenue, boasting excellent visibility with traffic counts around 15,000 vehicles per day. Adjacent to popular spots like Brew Bird, Wild Terra, and Yuj Yoga, and situated in an area undergoing revitalization, this DMU-zoned property is a prime choice for businesses seeking a flexible and adaptable space in the up-and-coming part of Fargo. Don't miss the opportunity to make this distinguished property a pivotal asset in your investment strategy.

Located at 20 University Dr. N, Fargo, ND, this property enjoys direct access from University Drive and is situated between 1st Avenue North and NP Avenue. With traffic counts around 15,000 vehicles per day, it offers great visibility. Next to Crown Trophy, it’s close to popular spots like Brew Bird, Wild Terra, Thaikota, and Yuj Yoga. The area is seeing revitalization, with the old Mathison building now housing Kennelly Business Law, a title firm, a creative agency, and a dentist. Just over a mile from the new Brewhalla, this location is perfect for businesses in an up-and-coming part of Fargo. The property is zoned DMU and is within the Fargo Renaissance Zone.


Year Built: 1951
Building Size: 16975sq ft
Building Class: B
Lot Size: 0.61 acres


Documents

Brochure - 20 University Dr N

Map of 20 University Dr N, Fargo, ND, 58102

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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.