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Renovated Hotel Property

101 North Broadway, Watertown, SD 57201

For Sale
$1,900,000

Commercially zoned lodging property with guest accommodations, ongoing room updates, and a restaurant space available for new tenants.

Property Size2 SF
Price / SF$950,000
Days on Market59

Property Features for 101 North Broadway

General Information

Standard status Active
Size 2 SF
Listing Agency: eXp Realty
Listed By: Todd Syhre · License SD #20428
Source: Expcommercial
Added: Sep 17 Changed: Nov 12 Last Checked: Nov 12 at 4:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty

Rey
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Investment Insights

Based on property information with market context.

This hotel property at 101 North Broadway includes guest accommodations and a layout intended for lodging operations. Most rooms have been renovated, while about 8 remain to be completed, providing a defined path for continued interior updates. The property also includes a restaurant space that is ready for new tenants.

The building occupies a street-facing commercial setting in Watertown, South Dakota, with commercial zoning supporting its hospitality use. The existing configuration can accommodate continued lodging operations, subject to applicable approvals and operating requirements.

Key Highlights

  • Most rooms have been renovated, with about 8 remaining
  • Restaurant space ready for new tenants
  • Commercially zoned hospitality property

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Hotels

Suggested Use

Top Pick Skin Care Clinic Real Estate Agency Big Box & Wholesale Store HVAC Service Restaurant Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

Demographics for 57201, SD

26,091
Population
12,304
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
92%
High-School Grad
319.1 sq mi
ZIP Area
82
Density / Sq Mi
$64,809
Median Household Income
$40,840
Median Earnings
$903
Median Rent
$223,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Hotel - Commercially zoned lodging property with guest accommodations, ongoing room updates, and a restaurant space available for new tenants.
Where is this hotel located?
The property is located at 101 North Broadway Watertown, SD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Most rooms have been renovated, with about 8 remaining; Restaurant space ready for new tenants; Commercially zoned hospitality property
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