23rd 23Rd St Watertown, SD 57201
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.
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.