200 8Th StSioux Falls, SD 57103

Property Details for 200 8Th St

Year built

1995

Construction

FRAME

Lot size

0.73 AC

Property size (Sq ft)

42,232 SF

Zone code

FP;FP

Property type

Hotels

APN

29994

APU

29994

Description

Exceptional opportunity to acquire the established Falls Landing Bar & Grill, a thriving 2,100 square foot restaurant and bar located in Sioux Falls, South Dakota. This fully equipped, turnkey operation boasts a prime downtown location at 200 E 8th St, offering stunning Big Sioux River and bike trail views. Currently operating at 100% occupancy, the business features a spacious interior with seating for 80, including various table sizes and bar seating, plus additional outdoor patio seating. The interior was remodeled in June 2020. The sale includes all furniture, fixtures, and equipment (FF&E), along with a valuable beer and wine license. The property is situated within the Country Inn & Suites, providing convenient access via two exterior entrances and catering services to the hotel's conference room. The bar has capacity for 27 taps, and the business utilizes three POS stations and an ATM. Common area restrooms are shared. Lease terms are available upon request

• CAP approach

  CAP return

  Valuation

  6%

  $7,408,488

  6.5%

  $6,838,604

  7%

  $6,350,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,065,475

  Geo Method

  $5,065,475

• Alternative Use

  Use

  Valuation

  Residential

  $7,465,769

  Hospitality

  $6,838,604

  Educational

  $5,689,638

  Medical

  $5,885,314

  Retail

  $8,850,549

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5489

Longitude

-96.7246

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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