18 Broadway Watertown, SD 57201
- Retail properties
- 4,410 SF
Current Use by Public Records
- Kil-Rad Hair On Broadway / Barber Shop
- Downtown Sushi Japanese Restaurant / Restaurant / Diner
Property Details for 18 Broadway
- Year built
- 1921
- Property size
- 4,410 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fully leased, three-unit commercial property situated in the heart of Watertown, South Dakota. The building, constructed in 1921 and boasting 4,410 square feet, is zoned for commercial use (APN 9390). The main floor encompasses 2,410 square feet of retail space, currently occupied by a long-term tenant. Upstairs, two beautifully remodeled apartments, fully furnished and leased, provide additional income streams. A complete inventory of included personal property will be provided upon request. To further enhance tenant appeal, two new garage stalls are under construction for the apartment occupants. Recent upgrades include a new furnace and AC unit for the commercial space, mini-split systems for the apartments, and roof replacements completed in 2022. This meticulously maintained property offers a strong return on investment with stable, long-term tenants. Detailed financial information is available upon request with the execution of a non-disclosure agreement. This is a rare chance to acquire a turnkey commercial property in a thriving downtown location. Don't miss this opportunity to add a high-performing asset to your portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Codington
- State
- South Dakota
- Longitude
- -97.114
- Latitude
- 44.9012
