677 Main StDeadwood, SD 57732
- Showrooms
- 3,800 SF
Property Details for 677 Main St
- Year built
- 1879
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 3,800 SF
- Property type
- Showrooms
- APN
- 30025-01800-070-00
- APU
- 300250180007000
Description
This exceptional investment opportunity presents a fully operational, historic building in Deadwood, South Dakota. The 3-story, 3,800 square foot free-standing structure, built in 1879 and extensively renovated in 2019, boasts a prime location on Main Street (677 Main St, zip code 57732) within the vibrant Deadwood area. Currently operating at 100% occupancy, the property comprises a successful casino, a separate bar, and a fine-dining restaurant, all under one roof. The C1 zoning ensures flexibility for continued operation or potential expansion. This landmark building, with its rich history and prominent street presence, offers a unique blend of established profitability and significant potential for future growth. The property's timeless charm and character, combined with its strategic location, create an unparalleled opportunity for investors seeking a distinguished presence in a thriving tourist destination. The asking price is $7,000,000. This is a rare chance to acquire a piece of Deadwood's history and capitalize on its enduring appeal.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,334,634
- 6.5%
- $1,231,970
- 7%
- $1,143,972
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,514,542
- Geo Method
- $791,169
-
Alternative Use
- Use
- Valuation
- Residential
- $1,039,213
- Hospitality
- $951,913
- Educational
- $791,981
- Medical
- $819,218
- Retail
- $1,231,970
Location Insight
- City
- Deadwood
- County
- Lawrence
- State
- South Dakota
- Latitude
- 44.3764
- Longitude
- -103.73
- CBSA code
- 43940
- CBSA name
- SPEARFISH, SD MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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