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    OFF-MARKET
    Land

    0 Marlin Dr, Rapid City, SD 57703

    3.11 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.11-acre commercial property in Rapid City, South Dakota, presents a lucrative investment opportunity. Located in the Marlin Drive Commercial Park, this land offers a ready-to-build hotel/apartment project. Complete architectural and civil plans, compliant with city regulations, are included, streamlining the development process and eliminating permitting delays. The property boasts a prime location near the intersection of Elk Vale Road and East Minnesota Street, along the Highway 16 bypass, experiencing high daily traffic (22,000 vehicles). This ensures excellent visibility and accessibility. Its proximity to the Rapid City Regional Airport (8 miles) further enhances its appeal to travelers. The permitted zoning is General Commercial, making it ideal for a hospitality-focused development to meet the growing demand for accommodations in the area. The asking price for this turnkey development opportunity is $624,900. This property is agent-owned and offers a significant competitive advantage due to the pre-approved plans.

    Property profile
    Verified
    Property type Land
    Lot 3.11 ac (135,472 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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