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    16 Kemp Ave Watertown, SD 57201

    For Sale
    $725,000

    Thriving restaurant, apartments. High occupancy.

    Property size:
    9,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property in Watertown, South Dakota presents a unique investment opportunity. Located at 16 W Kemp Ave, this historic building, constructed in 1904 and extensively renovated in 2017 and 2023, boasts a total of 9,700 square feet on a 6,000 square foot lot. The property features a fully operational restaurant and bar occupying the ground floor, complemented by three residential apartment units above, ensuring a diverse and stable income stream. Currently operating at 100% occupancy, this two-story building offers a compelling blend of established business and residential rental income. The property's prime location within the vibrant Watertown community contributes to its strong performance and potential for future growth. The asking price is $725,000, translating to $74.74 per square foot. This is a rare chance to acquire a well-established, high-performing mixed-use asset in a desirable location. The building's history and recent renovations combine to create a unique and attractive offering for discerning investors.

    Property Features for 16 Kemp Ave

    General Information

    Property type
    Restaurants
    Square Feet
    9,700 SF

    Building Details

    Year Built
    1904
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $725,000 asking price for a mixed‑use property.
    • 9,700 square feet on a 6,000 square foot lot.
    • 100% occupancy with three units.
    • Historic building, built in 1904, renovated in 2017 and 2023.
    • Two‑story building with a full‑service restaurant, bar, and apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.115362564388
    Latitude
    44.900621390151

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    FAQs

    What type of property is this?
    Restaurant - Thriving restaurant, apartments. High occupancy.
    Where is this restaurant located?
    The property is located at 16 Kemp Ave Watertown, SD.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: $725,000 asking price for a mixed-use property.; 9,700 square feet on a 6,000 square foot lot.; 100% occupancy with three units.
    Request Owner's contact information
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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
    16 Kemp Ave Watertown, SD 57201
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