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 |
| 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 |
1 of 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 01-0450-00100-000 | Improvements Assessment | $1,070,850 |
| Land Assessment | $94,500 | Total Assessment | $1,165,350 |
