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Property profile & analytics
OFF-MARKET
Land

23rd 23Rd St Watertown, SD 57201

2.13 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.13-acre commercial land parcel presents a unique development opportunity in Watertown, South Dakota. Located off Highway 212, this strategically positioned property offers unparalleled accessibility for a diverse range of commercial ventures. The lot is zoned C-3, providing flexibility for various development plans. With a total asking price of $1,271,127.10, the land value equates to $13.70 per square foot. The address is 23rd St SE, Watertown, SD 57201, within Codington County. Its prime location near Highway 212 ensures high visibility and convenient access for both local customers and those traveling along the highway. This makes it ideal for businesses seeking high traffic exposure and easy accessibility. The property's size and zoning provide ample space for a variety of commercial developments, catering to the needs of the local community and the broader regional market. This is a rare opportunity to acquire a significant commercial land parcel in a thriving South Dakota location with excellent potential for future growth and return on investment. The property's location offers a strong foundation for a successful commercial enterprise, capitalizing on the high traffic volume and visibility afforded by its proximity to Highway 212. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

Property profile
Verified
Property type Land
Lot 2.13 ac (92,783 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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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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