18 BroadwayWatertown, SD 57201

For Sale
$519,900

Fully leased, updated commercial building.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully leased, three-unit commercial property situated in the heart of Watertown, South Dakota. The building, constructed in 1921 and boasting 4,410 square feet, is zoned for commercial use (APN 9390). The main floor encompasses 2,410 square feet of retail space, currently occupied by a long-term tenant. Upstairs, two beautifully remodeled apartments, fully furnished and leased, provide additional income streams. A complete inventory of included personal property will be provided upon request. To further enhance tenant appeal, two new garage stalls are under construction for the apartment occupants. Recent upgrades include a new furnace and AC unit for the commercial space, mini-split systems for the apartments, and roof replacements completed in 2022. This meticulously maintained property offers a strong return on investment with stable, long-term tenants. Detailed financial information is available upon request with the execution of a non-disclosure agreement. This is a rare chance to acquire a turnkey commercial property in a thriving downtown location. Don't miss this opportunity to add a high-performing asset to your portfolio.

Highlights

  • Fully leased, three-unit commercial property in Watertown, SD.
  • 4,410 square feet, commercially zoned (APN 9390).
  • Main floor: 2,410 sq ft of retail space with long-term tenant.
  • Two remodeled, furnished apartments generating additional income.
  • Recent upgrades include new HVAC systems and 2022 roof replacement.
  • Two new garage stalls under construction.

Property Details for 18 Broadway

Property type
Other retail properties, Retail properties
Square Feet
4,410 SF
Year Built
1921
Units
3

Location Insight

City
Watertown
County
Codington
State
South Dakota
Latitude
44.9011625
Longitude
-97.1140414
18 Broadway, Watertown, South Dakota

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18 Broadway
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