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    Remodeled Restaurant Building For Sale Title is generated by Realmo AI

    23858 Hwy 385, Hill City, SD

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    Remodeled restaurant with outdoor patio near Black Hills attractions.

    Type:RETAIL
    Property size:
    4,960 SF
    Lot size:
    1.62 Acres
    Price / SF:
    $181/SF
    Added:
    Aug 16, 2024
    Days on Market:
    670
    Last Refresh:
    May 19 at 8:56 pm

    Property Features for 23858 Hwy 385

    General Information

    Standard status
    Active
    Size
    4,960 SF
    Lot size
    1.62 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chris Long
    Chris Long

    Listing agent Chris Long License #14881

    Listing office KW Black Hills

    Listing date Aug 16, 2024

    Source Moodyscre

    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 KW Black Hills

    HighLights

    • Location boasts a proven track record of $800,000+ in gross sales operating seasonally.
    • Turn‑key kitchen with all equipment included.
    • Restaurant building completely remodeled in 2018.
    • Large, central bar ideal for a tap house or wine bar.
    • Enjoy the shaded outdoor patio with beautiful views of the Black Hills.
    • Parking lot with 35+ parking spots.

    Overview

    This restaurant building, completely remodeled in 2018, is centrally located near top attractions in the Black Hills, just outside of Hill City, SD. The property features a shaded outdoor patio with views of the Black Hills. The turn-key kitchen includes all equipment. A large, central bar is present, which would be ideal for a tap house or wine bar. The parking lot has 35+ parking spots. The location has consistently produced over $800,000 in gross sales while only being open seasonally. The building size is 4,960 square feet. The property neighbors Firehouse Campground & Cabins. Note that only the real estate is for sale; the business is not included.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $89.3k $18.00
    − Vacancy −$5.4k −$1.08
    EGI $83.9k $16.92
    − OpEx −$21.0k −$4.23
    NOI $62.9k $12.69
    4,960 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $899.2K
    $786.8K – $1.05M (±1% cap)
    NOI $62,942 @ 7.0% cap · market cap 7.00%
    Second Best
    Retail
    $821.4K
    $718.7K – $958.3K (±1% cap)
    NOI $57,496 @ 7.0% cap · market cap 6.40%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Department Store Grocery & Convenience Store Bar & Pub Grocery & Convenience Store Cafe & Coffee Shop Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Prairie Dog Food Truck — 23845 US-385, Hill City, SD 57745

    Location Insight

    • Map
    • Local Demand
    City
    Hill City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.531
    Latitude
    43.9453

    FAQs

    What type of property is this?
    Restaurant - Remodeled restaurant with outdoor patio near Black Hills attractions.
    Where is this restaurant located?
    The property is located at 23858 Hwy 385 Hill City, SD.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Location boasts a proven track record of $800,000+ in gross sales operating seasonally.; Turn‑key kitchen with all equipment included.; Restaurant building completely remodeled in 2018.
    (605) 939-4489 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Long
    Chris Long
    Real Estate License ID: 14881
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