Turnkey 20-Unit Motel
925 North 3rd Street Spearfish, SD 57783
925 North 3rd Street, Spearfish, SD, 57783
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For Sale
Contact for pricing
Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.
Property Size5,787 SF
Price / SF$293.76
Days on Market50
Property Features for 925 North 3rd Street
General Information
- Standard status
- Active
- Size
- 5,787 SF
- Property subtype
- Multifamily, Hospitality, Business for Sale
Building Details
- Year Built
- 1970
Listing agency
RE/MAX In The Hills
Listed by
Bud Hannah · License #12031
Source
Crexi
Added: Jun 4 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 9:37AM
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Investment Insights
Based on property information with market context.
This turnkey 20-unit motel/Airbnb property is set up for income generation through short-term rentals and can also be operated as a motel. The offering includes an existing 20-unit setup and the option to pursue alternative occupancy approaches, including long-term tenants, while maintaining the motel use.
Located at 925 North 3rd Street in Spearfish, South Dakota, the property is zoned C-1 Commercial. In addition to the current operations, a completed flood study and plans are in place for two additional duplexes, supporting a path for expansion beyond the existing 20 units.
For investors or owner-operators seeking a multi-use hospitality and residential-income strategy, the current motel/Airbnb configuration provides an immediate operating framework. The C-1 Commercial zoning combined with the pre-existing flood study and duplex development plans may appeal to buyers looking to extend the property’s footprint while keeping the existing operations intact.
Located at 925 North 3rd Street in Spearfish, South Dakota, the property is zoned C-1 Commercial. In addition to the current operations, a completed flood study and plans are in place for two additional duplexes, supporting a path for expansion beyond the existing 20 units.
For investors or owner-operators seeking a multi-use hospitality and residential-income strategy, the current motel/Airbnb configuration provides an immediate operating framework. The C-1 Commercial zoning combined with the pre-existing flood study and duplex development plans may appeal to buyers looking to extend the property’s footprint while keeping the existing operations intact.
Key Highlights
- 20‑unit motel/Airbnb property operating as a cash‑flowing multi‑use investment
- Zoned C‑1 Commercial, allowing multiple income approaches such as short‑term rentals, long‑term tenants, or motel use
- Plans are in place for two additional duplexes to expand the property’s rental inventory
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Inn At Spearfish Creek
Hotel & Motel
Similar For Sale Nearby
Similar Off Market Nearby
- Queen City Inn — 309 N Main St, Spearfish, SD 57783
- Bell's Motor Lodge Motel — 230 N Main St, Spearfish, SD 57783
- Grant Street Liquor & Casino — 127 W Grant St, Spearfish, SD 57783
- Studio 621 — 621 N Main St, Spearfish, SD 57783
- The Matthews Opera House & Arts Center — 612 N Main St, Spearfish, SD 57783
FAQs
What type of property is this?
Motel - Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.
Where is this motel located?
The property is located at 925 North 3rd Street Spearfish, 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: 20‑unit motel/Airbnb property operating as a cash‑flowing multi‑use investment; Zoned C‑1 Commercial, allowing multiple income approaches such as short‑term rentals, long‑term tenants, or motel use; Plans are in place for two additional duplexes to expand the property’s rental inventory
