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    23rd 23Rd St Watertown, SD 57201

    Sponsored
    For Sale
    $1,271,127

    2.13 Acres, Prime Watertown Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.13-acre commercial land parcel presents a unique development opportunity in Watertown, South Dakota. Located off Highway 212, this strategically positioned property offers unparalleled accessibility for a diverse range of commercial ventures. The lot is zoned C-3, providing flexibility for various development plans. With a total asking price of $1,271,127.10, the land value equates to $13.70 per square foot. The address is 23rd St SE, Watertown, SD 57201, within Codington County. Its prime location near Highway 212 ensures high visibility and convenient access for both local customers and those traveling along the highway. This makes it ideal for businesses seeking high traffic exposure and easy accessibility. The property's size and zoning provide ample space for a variety of commercial developments, catering to the needs of the local community and the broader regional market. This is a rare opportunity to acquire a significant commercial land parcel in a thriving South Dakota location with excellent potential for future growth and return on investment. The property's location offers a strong foundation for a successful commercial enterprise, capitalizing on the high traffic volume and visibility afforded by its proximity to Highway 212. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 23rd 23Rd St

    General Information

    Property type
    Land
    Lot Size
    92,783 SF

    HighLights

    • 2.13‑acre commercial land parcel in Watertown, SD.
    • Strategically located off Highway 212, offering high visibility and accessibility.
    • C‑3 zoning allows for diverse development options.
    • Asking price: $1,271,127.10 ($13.70/sq ft).
    • Address: 23rd St SE, Watertown, SD 57201 (Codington County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Hair Salon Building Supply Gym & Fitness Wholesale Shop Auto Repair Shop Accounting Firm Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.078308111302
    Latitude
    44.890134419931

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    FAQs

    What type of property is this?
    Land - 2.13 Acres, Prime Watertown Location
    Where is this land located?
    The property is located at 23rd 23Rd St Watertown, SD.
    What is the asking price?
    The asking price for this property is $1,271,127.
    What are key features of this property?
    This property features: 2.13-acre commercial land parcel in Watertown, SD.; Strategically located off Highway 212, offering high visibility and accessibility.; C-3 zoning allows for diverse development options.
    Request Owner's contact information
    23rd 23Rd St Watertown, SD 57201
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    Watertown, SD 57201
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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
    23rd 23Rd St Watertown, SD 57201
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