26 1St AveWatertown, SD 57201

Property Details for 26 1St Ave

Lot size

0.76 AC

Property type

Commercial real estate

APN

9580

APU

9580

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $5,880,746

  Hospitality

  $5,386,732

  Educational

  $4,481,698

  Medical

  $4,635,830

  Retail

  $6,971,529

Location Insight

City

Watertown

County

Codington

State

South Dakota

Latitude

44.8992

Longitude

-97.1163

CBSA code

47980

CBSA name

WATERTOWN, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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