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    23rd 23Rd St Watertown, SD 57201

    Sponsored
    For Sale
    $510,829

    Prime Commercial Land, High Traffic Corner, $15.23/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 33,541 square foot commercial lot in Watertown, South Dakota, presents a unique investment opportunity. Located at 23rd Street SE, this property boasts unparalleled visibility due to its prime corner location directly across from Walmart's west entrance, as well as Applebee's and Culver's restaurants. The high traffic count ensures maximum exposure for any business. The asking price is $510,829.43, translating to a land value of $15.23 per square foot. This parcel is zoned for commercial use, making it ideal for a variety of businesses, from smaller developers seeking a strategic location to established companies looking to expand and own their property. The location's high demand among national and regional commercial entities and franchises underscores its significant potential for growth and return on investment. This is a rare opportunity to acquire a highly visible and strategically located commercial lot in a thriving area of Watertown, South Dakota, within Codington County, zip code 57201. The property's exceptional location and high visibility make it an attractive proposition for businesses seeking to establish a strong presence in a busy commercial area.

    Property Features for 23rd 23Rd St

    General Information

    Property type
    Land

    HighLights

    • 33,541 SF commercial lot in Watertown, SD.
    • Prime corner location across from Walmart, Applebee's, and Culver's.
    • High traffic count ensures maximum visibility.
    • Asking price: $510,829.43 ($15.23/SF).
    • Commercially zoned.
    • Excellent investment opportunity in a thriving area.
    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
    -97.078226654163
    Latitude
    44.88993337099

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Corner, $15.23/SF
    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 $510,829.
    What are key features of this property?
    This property features: 33,541 SF commercial lot in Watertown, SD.; Prime corner location across from Walmart, Applebee's, and Culver's.; High traffic count ensures maximum visibility.
    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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