506 Glenn StWall, SD 57790

Property Details for 506 Glenn St

Year built

1952

Lot size

0.55 AC

Property size (Sq ft)

2,432 SF

Property type

Auto shops

APN

63-05-101-008

APU

6305101008

Description

This exceptional turnkey restaurant opportunity in Wall, South Dakota, presents a unique chance to acquire a well-established business with significant potential. Located on a main thoroughfare, just blocks from the downtown area and a short drive from Badlands National Park, the Red Rock Restaurant enjoys a prime location with high visibility and convenient access for both locals and tourists. The restaurant boasts a spacious main dining area with seating for 46, expandable to 55 guests, creating ample capacity to handle peak periods. The sale includes all furniture, fixtures, and equipment (FF&E), allowing for immediate operation. The fully equipped kitchen is a chef's dream, featuring a pressure fryer, toasters, and a vital ventilated fire suppression system for safety and peace of mind. Efficient storage is provided by a walk-in cooler connected to an external walk-in freezer, designed for optimal energy efficiency during colder months. The property also includes four restrooms, a full bar with seven bar seats, and an additional 58 table seats. Two office spaces provide ample administrative space. This 0.25-acre property is priced at $1,100,000 and offers a rare chance to own a thriving restaurant in a desirable location. The established reputation and turnkey nature of this business make it an ideal investment for experienced restaurateurs or those looking to enter the industry. Don't miss this opportunity to own a piece of Wall's culinary history.

• CAP approach

  CAP return

  Valuation

  6%

  $854,166

  6.5%

  $788,461

  7%

  $732,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,609,307

  Geo Method

  $506,348

• Alternative Use

  Use

  Valuation

  Residential

  $665,096

  Hospitality

  $609,224

  Educational

  $506,868

  Medical

  $524,300

  Retail

  $788,461

Location Insight

City

Wall

County

Pennington

State

South Dakota

Latitude

43.9928

Longitude

-102.239

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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