18 Broadway Watertown, SD 57201
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.
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
Similar Nearby for Lease
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.