901 Elm St

10,406 SF Retail Building Tioga, ND 58852 $1,200,000 ($115/SF) 7.29% Cap Rate

Executive Summary

Prime 10,406 sq. ft. Retail/Restaurant Opportunity with Drive-Thru in a Thriving Commercial Hub!
Located in a bustling area adjacent to a motel, apartments, and popular restaurants, this spacious commercial property offers exceptional visibility and high traffic potential. With ample parking and a fully equipped kitchen, it's perfect for retail or restaurant businesses looking to expand. The property features a convenient drive-thru, adding significant value for fast service establishments. Currently occupied with flexible lease terms, this site offers a fantastic opportunity for investors or business owners to share space with the existing tenant or occupy it themselves. Zoned for commercial use in a safe, well-trafficked community, this is a high-potential investment with strong return value. Act fast—next door properties are listed at $3 million!
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Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,406 SF
Building Class
C
Year Built
1970
Price
$1,200,000
Price Per SF
$115
Cap Rate
7.29%
NOI
$87,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.32 AC
Zoning
Commercial
Parking
77 Spaces (7.39 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

PROPERTY TAXES

  • Listing ID: 29180360

  • Date on Market: 8/3/2023

  • Last Updated:

  • Address: 901 Elm St, Tioga, ND 58852