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47.42 Acre Parcel, Growing Area

Williston, ND 58801

Williams County, North Dakota

47.42 Acres
Land Auction
February 22, 2024 12:00 PM
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Land Description

RI Marketplace Online Auction Feb 20-22, 2024.

Register to Bid.

Marcus & Millichap and RI Marketplace are pleased to present ±47-Acres of land located adjacent to 5922 W Dakota Pkwy (the “Property”) in Williston, North Dakota. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property consists of 15 parcels totaling 47.42-Acres with 393' of frontage along Dakota Parkway with traffic counts of ±17,176 vehicles per day. The Property benefits from strong demand generators and is surrounded by industrial and commercial development driven by the shale oil and gas industry. Within five miles of the Property, the population has grown 91% since 2010 and is anticipated to grow another 7.6% between 2023 and 2028. The Property benefits from several zoning classifications with 18.67-Acres zoned general commercial, 22.96-Acres zoned light industrial, and 5.79-Acres zoned agricultural.

The Williston MSA is a compelling market for commercial real estate investors looking to capitalize on the burgeoning energy sector. Located in the heart of the Bakken Formation, Williston has experienced a remarkable resurgence, driven by the shale oil and gas industry. The city's strategic positioning as a hub for energy exploration and production has led to a surge in population and increased demand for commercial properties. Its pro-business climate, robust infrastructure development, and strategic transportation links, including rail and highways, make it a pivotal logistics and distribution center. As the epicenter of the Bakken oil boom, Williston offers a unique opportunity for commercial real estate investors seeking high potential for rental income and capital appreciation. This dynamic market is poised for continued growth, making it an attractive destination for investors with an eye for long-term success. The 5-mile trade area is supported by ±30,986 residents boasting an impressive average household income approaching ±$112,898. With prime positioning, this offering provides the opportunity to develop an extremely well-located asset within a high growth market.

Cary M. Aasness, Auctioneer

Fisher Auction Company Inc.

ND License: 503

Land Maps & Attachments

More Land Details

Mixed Use Zoning
Multiple Roads Access
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