402 Battle Mountain Ave Hot Springs, SD 57747
- Land
- 1.07 lot acres
Current Use by Public Records
- Land
Property Details for 402 Battle Mountain Ave
- Lot size
- 1.07 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 1.072-acre commercial property in Hot Springs, South Dakota, presents a remarkable investment opportunity. Located at 402 Battle Mountain Ave., 57747, this multifamily property boasts sixteen furnished rental units, ideal for various uses including Airbnb/VRBO, short-term/long-term rentals, or a boutique hotel. Each studio apartment features a kitchenette equipped with a refrigerator, sink, two-burner cooktop, microwave, and portable oven/air fryer. A separate one-bedroom, one-bathroom unit with a full kitchen and private deck is also included, suitable for an on-site manager or rental. A coin-operated laundry adds to the income potential, and further revenue streams could be generated by renting the front office space or developing additional storage units on the expansive lot. The property's prime location offers easy access to downtown Hot Springs, shops, restaurants, Evans Plunge, the Black Hills hospital, Custer State Park, and Mount Rushmore. This thriving community, nestled in the gateway to the Black Hills, provides a wealth of outdoor recreational activities and attractions, making this property an attractive investment with significant upside potential. The asking price is $1,360,000.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Fall River
- State
- South Dakota
- Longitude
- -103.474
- Latitude
- 43.4408
