2601 University Dr S
$1,800,000
2601 University Dr S, Fargo, ND 58103
6,219 sqft
Building Size
0.4408 acres
Lot Area
Details:
Highlights:
- 6,219 SF medical/office building in a prime Fargo location, zoned LC
- New 5-year leaseback with Bergstrom Eyecare Clinic, providing immediate income with a six-month termination option
- Fully built-out laser eye clinic, extensively renovated in 2008 from its original restaurant use
- Energy-efficient geothermal heating system, reducing long-term operating costs
- Distinctive exterior design featuring large glass windows, brick accents, shakes, and a pitched shingled roof
Description:
This 6,219 SF office building, zoned LC, presents a compelling opportunity to acquire a fully built-out medical office at a price well below replacement cost.
The property will be sold with a new 5-year leaseback from Bergstrom Eyecare Clinic, providing immediate in-place income. The lease includes a six-month termination option, offering investors or future owner-users ample notice to plan for re-tenanting or occupancy should the clinic relocate prior to the lease expiration.
Originally constructed in 1975 as a restaurant, the building was extensively renovated in 2008 and converted into a state-of-the-art laser eye clinic. Improvements include energy-efficient geothermal heating and a distinctive exterior featuring large glass windows, brick, shakes, and a pitched shingled roof.
This offering is well-suited for a medical user, 1031 exchange buyer, or investor seeking stable short-term income with long-term flexibility. Don’t miss the opportunity to add this exceptional asset to your commercial real estate portfolio.
Opportunity to acquire a fully leased single tenant medical office building on a busy arterial of Fargo, ND boasting nearly 26,000 cars per day.
Location
Gallery