23rd 23Rd St Watertown, SD 57201
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.