600 4Th StWatertown, SD 57201

  • Commercial real estate
  • 1.54 AC
For Lease
$13/SF/YR View listing

Property Details for 600 4Th St

Year built
1967
Lot size
1.54 AC
Property type
Commercial real estate
APN
8103
APU
8103

Description

This two-story, Class B Medical Arts Building in Watertown, South Dakota, offers 25,649 square feet of versatile office space. Built in 1967, the property sits on 1.54 acres and features 7 suites, with two immediately available spaces ranging from 1,000 to 3,456 contiguous square feet. Currently configured for dental practices, these spaces are adaptable to various business needs, including multiple offices, reception areas, break rooms, and restrooms. The building includes a wheelchair lift and ample parking with 135 spaces. Utilities are included in the triple net (NNN) lease. The property is zoned C-3 & R-3 and has a building floor area ratio (FAR) of 0.38. Located at 600 4th St NE, Watertown, SD 57201 (cross streets: 7th Ave NE & 6th Ave NE), this property presents a unique opportunity, with potential for new tenants to become partial building owners. The building has two elevators. APN: 8103, Codington County. A total of 5,976 square feet is currently vacant. Note: Not all rooms are pictured in available materials.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,882,215
    Hospitality
    $10,884,045
    Educational
    $9,055,398
    Medical
    $9,366,827
    Retail
    $14,086,174

Location Insight

City
Watertown
County
Codington
State
South Dakota
Latitude
44.9085
Longitude
-97.1062
CBSA code
47980
CBSA name
WATERTOWN, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,720
$379,890
$1,138,845
$1,518,735
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-
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