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    810 Tenaya St Hermosa, SD 57744

    Sponsored
    For Sale
    $1,300,000

    Iconic Drive-In Theater, SD

    Property size:
    2,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the chance to acquire Roy's Black Hills Twin Drive-In, a well-established and profitable mixed-use property located in Hermosa, South Dakota. The property boasts a prime location along Highway 79, situated on a substantial 16.6-acre lot zoned for general commercial use. The drive-in theater itself comprises four buildings totaling 2,624 square feet, constructed in 2012. This unique property features two screens, with one boasting an impressive 80-foot-wide screen, one of the largest in the US. The theater was the first all-digital drive-in in the area, showcasing its commitment to modern technology while maintaining its classic charm. The asking price is $1,300,000, translating to $495.43 per square foot. This turnkey operation is fully equipped and ready for immediate operation, offering a rare opportunity to own a piece of American entertainment history. The substantial lot size presents significant potential for future expansion or development, given its prime location and general commercial zoning. This is a truly unique investment opportunity with strong potential for continued growth and profitability. The property's established customer base and prime location along a major highway ensure a steady stream of revenue. This is more than just a business; it's a piece of Americana waiting for its next chapter.

    Property Features for 810 Tenaya St

    General Information

    Property type
    Theaters & concert halls
    Square Feet
    2,624 SF
    Lot Size
    723,096 SF

    Building Details

    Year Built
    2012
    Buildings
    4

    HighLights

    • $1,300,000 asking price for a mixed‑use property.
    • 2,624 square feet on a 16.6‑acre lot.
    • Four buildings, built in 2012.
    • General Commercial zoning.
    • $495.43 price per square foot.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Storage Facility Bar & Pub Discount Store Cafe & Coffee Shop Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa
    County
    Custer
    State
    South Dakota
    Longitude
    -103.2105678
    Latitude
    43.8434331

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    FAQs

    What type of property is this?
    Theater & concert hall - Iconic Drive-In Theater, SD
    Where is this theater & concert hall located?
    The property is located at 810 Tenaya St Hermosa, SD.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price for a mixed-use property.; 2,624 square feet on a 16.6-acre lot.; Four buildings, built in 2012.
    Request Owner's contact information
    810 Tenaya St Hermosa, SD 57744
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    Hermosa, SD 57744
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    810 Tenaya St Hermosa, SD 57744
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