For Sale
$3,200,000

7900 Stage Stop RdSummerset, SD 57718

55-key hotel, prime I-90 location

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional 55-key hotel, built in 2000, boasts 71,775 square feet on a 1.65-acre lot in Summerset, South Dakota. Located on I-90, it benefits from high visibility and proximity to major attractions like the Sturgis Motorcycle Rally and Mount Rushmore (35 miles). The property is in excellent condition and presents a significant branding opportunity. The asking price is $3,200,000, translating to $44.58 per square foot. The surrounding area exhibits strong growth potential, making this a turnkey operation ideal for investors seeking a profitable venture in the thriving Black Hills hospitality market. This single-building hotel offers a compelling investment opportunity due to its prime location, strong performance, and potential for future expansion. The hotel's strategic position between Sturgis and Rapid City ensures consistent occupancy, particularly during peak tourist seasons. The property's excellent condition minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is a rare opportunity to acquire a well-established hotel in a rapidly growing region with significant upside potential.

Highlights

  • $3,200,000 asking price for a 55-key hotel.
  • 71,775 square feet on a 1.65-acre lot, built in 2000.
  • Located at 7900 Stagestop Rd, Summerset, SD 57718, with high I-90 visibility.
  • Excellent condition with strong growth potential in the surrounding area.
  • Close proximity to Sturgis Motorcycle Rally and Mount Rushmore.

Property Details for 7900 Stage Stop Rd

Property type
Hospitality properties, Motels
Square Feet
71,775 SF
Year Built
2000
Buildings
1
Lot Size (sq. ft)
71,874 SF

Location Insight

City
Summerset
County
Meade
State
South Dakota
Latitude
44.198529544944
Longitude
-103.3522790352
7900 Stage Stop Rd, Summerset, South Dakota

FAQs

What type of property is this?
Hospitality property - 55-key hotel, prime I-90 location
Where is the hospitality property located?
The property is located at 7900 Stage Stop Rd Summerset, SD.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: $3,200,000 asking price for a 55-key hotel.; 71,775 square feet on a 1.65-acre lot, built in 2000.; Located at 7900 Stagestop Rd, Summerset, SD 57718, with high I-90 visibility.
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7900 Stage Stop Rd
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