8 2Nd StWatertown, SD 57201

Property Details for 8 2Nd St

Lot size

0.45 AC

Property type

Commercial real estate

APN

9358

APU

9358

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,454,372

  Hospitality

  $3,164,186

  Educational

  $2,632,566

  Medical

  $2,723,104

  Retail

  $4,095,102

Location Insight

City

Watertown

County

Codington

State

South Dakota

Latitude

44.9002

Longitude

-97.1106

CBSA code

47980

CBSA name

WATERTOWN, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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