26 1St AveWatertown, SD 57201

For Sale
$13,680,000

Luxury Apartments & Senior Center

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2021-built, five-story mixed-use property in Watertown, South Dakota, offers 72 meticulously designed apartment units and a thriving senior center. Boasting 107,219 square feet on a 33,265 square foot lot, the building features open floor plans, large windows, high-quality finishes, and state-of-the-art appliances in each unit. Currently operating at 85% occupancy, this investment opportunity presents a strong return with a price per square foot of $127.59 and an asking price of $13,680,000. The integrated senior center is under a long-term lease, adding significant value and contributing to the vibrant community atmosphere. Located at 26 1st Ave SW, Watertown, SD 57201, this property benefits from its convenient location near shopping, dining, and recreational areas. The building's modern design and prime location make it an attractive option for residents and a sound investment for discerning buyers. The seamless blend of residential and community spaces creates a unique and highly desirable property.

Highlights

  • 2021-built, five-story mixed-use building in Watertown, SD.
  • 72 apartment units and a senior center totaling 107,219 square feet on a 33,265 square foot lot.
  • 85% occupancy with open floor plans, high-end finishes, and modern appliances.
  • Asking price: $13,680,000 ($127.59/SF).
  • Senior center operates under a long-term lease.
  • Located at 26 1st Ave SW, Watertown, SD 57201, near amenities.

Property Details for 26 1St Ave

Property type
Other retail properties, Multifamily properties
Square Feet
107,219 SF
Year Built
2021
Stories
5
Units
72

Location Insight

City
Watertown
County
Codington
State
South Dakota
Latitude
44.899587386904
Longitude
-97.116378279803
26 1St Ave, Watertown, South Dakota

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26 1St Ave
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