315 Kemp Ave Watertown, SD 57201
- Retail properties
- 95,962 SF
Current Use by Public Records
- Retail properties
Property Details for 315 Kemp Ave
- Year built
- 2022
- Property size
- 95,962 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional 63-unit mixed-use investment opportunity in Watertown, South Dakota, presents a unique blend of luxury apartment living and prime retail space. Located on a 36,614 sq ft lot at 315 E Kemp Ave, this brand-new, four-story building (95,962 sq ft) boasts a contemporary design and was completed in 2022. The property's strategic location adjacent to a city-owned park offers residents unparalleled access to green space while maintaining proximity to city amenities. Currently vacant, this property presents a blank canvas for a discerning investor to establish rental rates and curate a high-end tenant experience. The building's modern design and thoughtful amenities are poised to attract a desirable tenant base. With a total of 63 units, this investment offers significant potential for substantial returns. The asking price is $15,435,000, translating to $160.84 per square foot. This represents a compelling opportunity to acquire a high-quality, newly constructed property in a desirable location. The property's size and location make it an ideal investment for those seeking both immediate and long-term financial gains.
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
- -97.1088
- Latitude
- 44.8996
