16 Kemp Ave Watertown, SD 57201
- Retail properties
- 9,700 SF
Current Use by Public Records
- Retail properties
Property Details for 16 Kemp Ave
- Year built
- 1904
- Property size
- 9,700 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional mixed-use property in Watertown, South Dakota presents a unique investment opportunity. Located at 16 W Kemp Ave, this historic building, constructed in 1904 and extensively renovated in 2017 and 2023, boasts a total of 9,700 square feet on a 6,000 square foot lot. The property features a fully operational restaurant and bar occupying the ground floor, complemented by three residential apartment units above, ensuring a diverse and stable income stream. Currently operating at 100% occupancy, this two-story building offers a compelling blend of established business and residential rental income. The property's prime location within the vibrant Watertown community contributes to its strong performance and potential for future growth. The asking price is $725,000, translating to $74.74 per square foot. This is a rare chance to acquire a well-established, high-performing mixed-use asset in a desirable location. The building's history and recent renovations combine to create a unique and attractive offering for discerning investors.
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
- -97.1154
- Latitude
- 44.9006
