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1607 South Dakota 50 Yankton, SD 57078

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For Sale
$6,200,000

Hospitality property with restaurant, recent renovations, and strong cap rate.

Source: Dale Zomer Agent Dale Zomer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

121-Room Hospitality Property For Sale

This hospitality property features 121 rooms and a 9% cap rate. The property has undergone significant capital improvements, with $1.2 million spent on capital expenditures over the last six years. In 2018, major renovations were completed in the rooms. The property includes a restaurant with a 5-year lease generating $88,000 annually. Please note that the Kelly Inn name cannot be sold, and Best Western prefers buyers to use their own branding. The property has minimal Property Improvement Plan (PIP) requirements, and current Best Western terms are transferable.
Location Intelligence

Current Use by Public Records

Hotels

Map

City
Yankton
County
Yankton
State
South Dakota
Longitude
-97.454
Latitude
42.8878

FAQs

What type of property is this?
Hotel - Hospitality property with restaurant, recent renovations, and strong cap rate.
Where is this hotel located?
The property is located at 1607 South Dakota 50 Yankton, SD.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: - 9% Cap Rate; - Last 6 years CAP EX $1.2 Million; - 5 year lease on Restaurant - $88K Annually
More about this property
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