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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

18 Broadway Watertown, SD 57201

4,410 SF Built 1921
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1921
Total area 4,410 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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