8 2Nd StWatertown, SD 57201

For Sale
$7,410,000

Mixed-use building; high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2021-built, four-story mixed-use property in Watertown, South Dakota, presents a compelling investment opportunity. Located at 8 2nd St NE, this 51,985 square foot building sits on a 19,540 square foot lot and boasts a blend of residential and commercial spaces. The building comprises 36 units with an impressive 85% occupancy rate. The diverse tenant mix includes apartment units, a pharmacy/drug store, and a restaurant, creating a diversified income stream. The asking price is $7,410,000, translating to $142.54 per square foot. This modern building offers a unique combination of residential and retail spaces, providing investors with stability and growth potential in a thriving urban community. The property's prime location in Codington County, zip code 57201, ensures high visibility and accessibility. This is a turnkey investment opportunity with strong potential for long-term returns. The building's contemporary design and high-quality construction ensure lasting value. Don't miss this chance to acquire a well-established, income-producing asset in a desirable location.

Highlights

  • $7,410,000 asking price for this mixed-use property.
  • 51,985 square feet, with a price per square foot of $142.54.
  • 85% occupancy across 36 units.
  • Located at 8 2nd St NE, Watertown, SD 57201.
  • Four-story building constructed in 2021 on a 19,540 square foot lot.

Property Details for 8 2Nd St

Property type
Other retail properties, Restaurants
Square Feet
51,985 SF
Year Built
2021
Buildings
1
Stories
4
Units
36

Location Insight

City
Watertown
County
Codington
State
South Dakota
Latitude
44.90021312357
Longitude
-97.111118731521
8 2Nd St, Watertown, South Dakota

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8 2Nd St
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