520 Sioux AvePierre, SD 57501

For Sale
$2,300,000

74-Room Hotel, Prime Location, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This 74-room Days Inn & Suites in Pierre, South Dakota, presents a compelling investment opportunity. Located on a 2.61-acre lot at 520 W Sioux Ave, this two-story, 46,803 square foot hotel, built in 1978 and renovated in 2017, offers significant upside potential. Currently underperforming, the property is priced at $2,300,000 ($49.14/sq ft and $31,000/key), representing a strong value proposition for a discerning investor. The hotel benefits from a prime location near the state capitol, attracting government officials and business travelers. Its proximity to the Missouri River, Lake Oahe, and Lake Sharpe also caters to the significant fishing tourism market. Amenities include a lobby, breakfast area, fitness and business center, and ample parking, including a secured lot for boat storage and a cleaning station for fish and game. The property's existing infrastructure and strategic location, combined with the potential to tap into the robust tourism and outdoor recreation market in Pierre, make this a unique opportunity for growth and profitability in the hospitality sector. The APN is 007809.

Highlights

  • $31,000 per key price point.
  • Value-add opportunity with significant upside potential.
  • 74-room hotel.

Property Details for 520 Sioux Ave

Property type
Other hospitality properties, Hotels
Square Feet
46,803 SF
Year Built/Renovated
1978/2017
Buildings
1
Stories
2
Lot Size (sq. ft)
113,692 SF

Location Insight

City
Pierre
County
Hughes
State
South Dakota
Latitude
44.37092047
Longitude
-100.35966683
520 Sioux Ave, Pierre, South Dakota

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520 Sioux Ave
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