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2930 Vermont ave - Bismarck Expressway Storage Development Site
3.24 Acres of Commercial Land Offered at £1,070,720 in Bismarck, ND 58504
Investment Highlights
- Fully-entitled, permit-ready development site in Bismarck, ND with $850,000 of design, site prep and soft costs paid by Seller
- Proposed development would offer 739 units and 92,938 rentable square feet of climate controlled storage
- Current owner has completed surveys, environmental and geotechnical studies
- 3.24 acres situated on Bismarck Expressway frontage with great visibility to over 17,000 VPD
- Limited availability of climate controlled self storage units drives strong rental rates
- Close proximity to many retailers such as Walmart, Sam’s Club, Dairy Queen, Taco Bell and more
Executive Summary
Property Facts
| Price | £1,070,720 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Self Storage |
| No. Lots | 1 | Total Lot Size | 3.24 AC |
| Property Type | Land |
| Price | £1,070,720 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 3.24 AC |
1 Lot Available
Lot
| Price | £1,070,720 | Lot Size | 3.24 AC |
| Price Per AC | £330,469 |
| Price | £1,070,720 |
| Price Per AC | £330,469 |
| Lot Size | 3.24 AC |
3.24 acres situated on Bismarck Expressway frontage with great visibility to over 17,000 VPD.
Description
Situated at 2930 Vermont Avenue in Bismarck, ND, this fully-entitled self-storage development site presents an excellent investment opportunity. The current ownership has already completed boundary and topographic surveys, as well as Phase I and II environmental assessments and geotechnical studies. The site is permit-ready and poised to commence construction in Spring 2025. The proposed facility will feature three levels and provide the Bismarck market with 739 climate-controlled storage units, totaling 92,938 rentable square feet. With robust rental rates and a limited supply of climate-controlled options, this site benefits from high visibility and easy access. Additionally, its proximity to various retailers offers a significant chance to tap into Bismarck’s densely populated market.
PROPERTY TAXES
| Parcel Number | 0735-004-002 | Improvements Assessment | £0 |
| Land Assessment | £121,034 | Total Assessment | £121,034 |
PROPERTY TAXES
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Tom Flannigan
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Amy Hitchingham
Presented by
Company Not Provided
2930 Vermont ave - Bismarck Expressway Storage Development Site
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