1902 Lacrosse StRapid City, SD 57701

Property Details for 1902 Lacrosse St

Year built

1961

Lot size

6.91 AC

Property size (Sq ft)

19,671 SF

Property type

Hotels

Property subtype

Motels

APN

21-30-328-002

APU

2130328002

Description

This exceptional opportunity presents a turnkey bar and on-sale liquor license in Rapid City, South Dakota, listed at $600,000. Located at 1902 N Lacrosse St, zip code 57701, this valuable asset allows for the sale of alcoholic beverages for on-site consumption. A significant advantage is the inclusion of authorization for up to ten gaming machines, offering a substantial additional revenue stream. Situated in Pennington County, this property benefits from Rapid City's robust economy and increasing tourism. The license is ideal for entrepreneurs seeking to establish a new bar or expand an existing business within the city's dynamic hospitality and entertainment sector. This is a rare chance to acquire a well-positioned, established license with significant earning potential, ready for immediate operation. The property's prime location in Rapid City, South Dakota, ensures high visibility and accessibility to a large customer base. This turnkey opportunity minimizes start-up costs and allows for immediate revenue generation. The combination of a liquor license and gaming machine authorization provides a unique and lucrative investment prospect in a thriving market. Don't miss this chance to own a piece of Rapid City's vibrant nightlife scene.

• CAP approach

  CAP return

  Valuation

  6%

  $5,338,292

  6.5%

  $4,927,654

  7%

  $4,575,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,138,610

  Geo Method

  $3,819,262

• Alternative Use

  Use

  Valuation

  Residential

  $5,379,566

  Hospitality

  $4,927,654

  Educational

  $4,099,750

  Medical

  $4,240,746

  Retail

  $6,377,389

Location Insight

City

Rapid City

County

Pennington

State

South Dakota

Latitude

44.1023

Longitude

-103.202

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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