Commercial Property for Sale

Views:
 
Category: Entertainment
     
 

Presentation Description

Commercial property for sale in middle of Bakken oil play

Comments

Presentation Transcript

Commercial Property for Sale By Owner:

Commercial Property for Sale By Owner 400 Vine Street Arnegard ND

Contact Information:

Contact Information Milton Hanson 400 Vine St PO Box 125 Arnegard ND 58835 701-770-5515 oldschool@oldschoolbb.com www.oldschoolbb.com

Structure:

Structure Structurally sound, with extensive renovations and updates on the interior as well as the exterior, this historic property is located in the middle of oil country. It is one the most unique, privately held historic properties in western North Dakota and eastern Montana. Even though it is a historic property, there will be no covenants in place to regulate use or renovation of the property.

23,000 Square Feet:

23,000 Square Feet

1.83 Acres:

1.83 Acres

Location:

Location Talk about location, location, location. Adjacent to US Highway 85, Arnegard is in the middle of McKenzie County and the middle of the Bakken oil field. This property is ½ block north of the highway with tremendous visibility and access from the highway.

½ Block from US 85 High Visibility to 15,000 Vehicles a day:

½ Block from US 85 High Visibility to 15,000 Vehicles a day

Near West Exit of Watford City Bypass:

Near West Exit of Watford City Bypass 3 miles from bypass Arnegard is not being bypassed Only community between Williston and Grassy Butte that is not being bypassed

Note the bypass around west side of Alexander and bypass west and south of Watford City, no bypass around Arnegard Image courtesy of NDDOT at nd.gov:

Note the bypass around west side of Alexander and bypass west and south of Watford City, no bypass around Arnegard Image courtesy of NDDOT at nd.gov

Major Mechanical Systems Upgraded or Replaced:

Major Mechanical Systems Upgraded or Replaced New Heating system (hot water baseboard) New Plumbing Upgraded Electrical system New Roof ($85,000) All exterior walls in living areas have 2x4 insulated walls added Attic areas insulated

Zoning:

Zoning Use of this property is only limited by your imagination. Zoned General Business, there are 92 permitted uses for the property with a number of those uses being general or generic in nature and 3 conditionally permitted uses. The property is currently being used as a Bed & Breakfast, repair business and Event Center. The Bed & Breakfast and Event Center could be part of a turnkey sale with some or most of the furnishings, artifacts and memorabilia included.

Zoned GB (General Business):

Zoned GB (General Business) Retail Apartments Auditorium/Meeting Hall Recreational Business Service Business Hotel/Motel Office Building Restaurant/Tavern Single Family Housing Many other permitted uses

Pricing and Terms:

Pricing and Terms The asking price of $1,950,000 comes out to less than $85/square foot for just the building and it all sits on 1.83 acres of commercial land in town. Compare that to the cost and time of acquiring land and then building a new equivalent structure. Then factor in the fact that it is FSBO, which allows me to offer greater flexibility in negotiating price and terms.

Money Details:

Money Details $1,950,000 Contract for deed possible Turnkey sale possible FSBO sale, no realtor fees, more flexibility in negotiations

Nearly 10,000 Square Feet of clear span space on ground level:

Nearly 10,000 Square Feet of clear span space on ground level

Auditorium with stage, ground level seating for up to 250 chairs on floor:

Auditorium with stage, ground level seating for up to 250 chairs on floor

Currently used as an Event Center Some Previous and Current Uses:

Currently used as an Event Center Some Previous and Current Uses Wedding receptions Dances Concerts Church Dance Studio Auctions Parties (Birthday, reunion, sports, New Year, Christmas, Company, etc.) Meeting place (safety, community, etc.)

Event Center Furnishings:

Event Center Furnishings All chairs (over 200 folding and 100 upholstered), tables (both rectangular and round), multi-media system, PA system (2400 watts of Peavey amps, 3 mixers, crossover, snakes, microphones, cables, stands, subwoofers and speakers), dollies and racks could be part of a turnkey sale.

70x90 Clear span space on ground level:

70x90 Clear span space on ground level

Ideal for retail, offices, lodging, restaurant/tavern, etc.:

Ideal for retail, offices, lodging, restaurant/tavern, etc.

Endless Possibilities for use of this property:

Endless Possibilities for use of this property Mini Mall Fitness Center Steak House/Restaurant/Bar Professional Building/Offices Hotel/Motel or other type of Lodging Event/Convention Center Church Combination of many uses The only limit is your imagination

Owner Occupied Permitted Possible Home and Business in one Location:

Owner Occupied Permitted Possible Home and Business in one Location 6 Bedroom/6 ½ Bath Residence already established Residence area currently licensed and used as a Bed & Breakfast with nearly 100% occupancy over past 5 years Property featured on HGTV, Midwest Living magazine, North Dakota Living magazine, Iwanowski’s (German Travel Guide), Prairie Public Television as well as numerous newspaper articles, also named as one of Midwest Living’s Best of the West.

Owner Occupied Business Plus Employee Housing:

Owner Occupied Business Plus Employee Housing Everything you need in one location Convert the open spaces into a business Live in the established living quarters Use the Bed & Breakfast area as living quarters for your employees

Living Quarters :

Living Quarters

Contact Information:

Contact Information Milton Hanson 701-770-5515 oldschool@oldschoolbb.com www.oldschoolbb.com

Commercial Property for Sale By Owner:

Commercial Property for Sale By Owner 400 Vine Street Arnegard ND

authorStream Live Help