Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 Kemp And 6 - 8 Watertown, SD 57201

    For Sale
    $1,700,000

    Historic Charm, Prime Location, High Potential

    Property size:
    52,642 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use investment opportunity encompasses four historic buildings in Watertown, South Dakota, totaling 52,642 square feet. Built between 1882 and 1926, with renovations completed between 2018 and 2021, these properties boast a blend of original character and modern updates. The portfolio includes apartment units, storefronts, and traditional office spaces, currently housing eight tenants with 72% occupancy under net leases. The buildings, featuring three stories each, are zoned for commercial use and offer significant value-add potential. The asking price is $1,700,000, translating to $32.29 per square foot. Located at 1-11 W Kemp Ave, 2 E Kemp Ave, and 6-8 S Broadway, Watertown, SD 57201, this portfolio presents a unique chance to acquire a piece of Watertown's rich history while capitalizing on strong rental income and future rent bumps of 3-5%. The property's prime location ensures high visibility and accessibility for businesses and residents alike. This is a rare opportunity to own a significant piece of Watertown's commercial real estate landscape. The multi-tenant structure provides diversification and stability, while the existing commercial tenants contribute to immediate cash flow. The residential units offer additional income streams and the potential for further upgrades and rent increases. This portfolio is ideal for investors seeking a blend of historical charm, strong cash flow, and significant upside potential.

    Property Features for 1 Kemp And 6 - 8

    General Information

    Property type
    Individual retail properties
    Square Feet
    52,642 SF
    Class
    C

    Building Details

    Buildings
    4
    Stories
    3

    HighLights

    • $1,700,000 asking price for a mixed‑use property in Watertown, SD.
    • Value‑add investment opportunity with a Class C designation.
    • 52,642 square feet across four buildings, totaling three stories.
    • Multi‑tenant property with eight tenants and 72% occupancy.
    • Net lease structure with 3‑5% annual rent bumps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.114597738989
    Latitude
    44.900485715819

    Nearby Comparable

    • $725,000
      9,700 SF

      Historic Watertown Mixed-Use

      Thriving restaurant, apartments. High occupancy.
      16 Kemp Ave, Watertown, SD 57201
      View Details
    • $1,300,000
      3,360 SF

      Prime Watertown C-Store & Gas Station

      High-traffic location, strong revenue potential.
      103 5Th St, Watertown, SD 57201
      View Details
    • $475,000
      6,888 SF

      Watertown Industrial Property For Sale

      Industrial property featuring dock doors, drive-in door, and office space.
      21 8Th Ave Southwest, Watertown, SD 57201
      View Details
    • $1,300,000

      Highway 212 Business Opportunity

      Highway 212 business with casinos, rental space, and garage.
      20-22 9Th Ave SW, Watertown, SD 57201
      View Details
    • $1,745,937
      5.26 Acres

      Watertown Commercial Land - 5.26 Acres

      Prime commercial land, ideal location, development opportunity.
      Driv Willow Creek Dr, Watertown, SD 57201
      View Details

    Nearby Similar for Sale

    • $475,000
      6,888 SF

      Watertown Industrial Property For Sale

      Industrial property featuring dock doors, drive-in door, and office space.
      21 8Th Ave Southwest, Watertown, SD 57201
      View Details
    • $1,300,000

      Highway 212 Business Opportunity

      Highway 212 business with casinos, rental space, and garage.
      20-22 9Th Ave SW, Watertown, SD 57201
      View Details
    • $1,300,000
      3,360 SF

      Prime Watertown C-Store & Gas Station

      High-traffic location, strong revenue potential.
      103 5Th St, Watertown, SD 57201
      View Details
    • $725,000
      9,700 SF

      Historic Watertown Mixed-Use

      Thriving restaurant, apartments. High occupancy.
      16 Kemp Ave, Watertown, SD 57201
      View Details
    • $2,520,000
      30,240 SF

      Watertown Office Building Investment

      High-yield NNN lease, 9.6% cap rate.
      1435 33Rd St, Watertown, SD 57201
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Historic Charm, Prime Location, High Potential
    Where is this individual retail property located?
    The property is located at 1 Kemp And 6 - 8 Watertown, SD.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 asking price for a mixed-use property in Watertown, SD.; Value-add investment opportunity with a Class C designation.; 52,642 square feet across four buildings, totaling three stories.
    Request Owner's contact information
    1 Kemp And 6 - 8 Watertown, SD 57201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Kemp And 6 - 8
    Watertown, SD 57201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1 Kemp And 6 - 8 Watertown, SD 57201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.