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Property profile & analytics
OFF-MARKET
Land

23rd 23Rd St Watertown, SD 57201

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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