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670 4th Ave N - St. Mark's Lutheran Church

25,000 SF Speciality Building Offered at £4,073,160 at a 7.40% Net Initial Yield in Fargo, ND 58102

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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.

670 4th Avenue N - Sale - St Marks

Property Facts

Price	£4,073,160	Building Class	B
Price Per SF	£163	Lot Size	1.13 AC
Sale Type	Investment	Building Size	25,000 SF
Net Initial Yield	7.40%	Number of Floors	2
Property Type	Speciality	Year Built/Renovated	1912/2016
Property Subtype	Religious Facility	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£4,073,160
Price Per SF	£163
Sale Type	Investment
Net Initial Yield	7.40%
Property Type	Speciality
Property Subtype	Religious Facility
Building Class	B
Lot Size	1.13 AC
Building Size	25,000 SF
Number of Floors	2
Year Built/Renovated	1912/2016
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score ®

Walker's Paradise (93)

Bike Score ®

Very Bikeable (75)

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PROPERTY TAXES

Parcel Number	01-0450-00100-000	Improvements Assessment	£838,797
Land Assessment	£74,022	Total Assessment	£912,819

PROPERTY TAXES

Parcel Number

01-0450-00100-000

Land Assessment

£74,022

Improvements Assessment

£838,797

Total Assessment

£912,819

(701) 200-7691

Contacts

Matt Olson
Justin Gustofson
Property Resources Group

Listing ID: 32306965
Date on Market: 01/07/2024
Last Updated:
Address: 670 4th Ave N, Fargo, ND 58102

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