106 Ctr Ave, Philip, SD 57567
This turnkey restaurant opportunity in Philip, South Dakota presents a unique chance for culinary entrepreneurs. Located at 106 N Center Avenue, this property boasts a fully equipped commercial kitchen, ready for immediate operation. The kitchen is well-maintained and includes all necessary equipment for a diverse menu, from casual fare to more sophisticated dishes. The interior has recently been freshly painted, creating a clean and inviting atmosphere for diners. Ample indoor seating is complemented by a charming outdoor seating area, perfect for enjoying pleasant South Dakota evenings. The building sits on a 0.1-acre lot, providing convenient access and visibility in the heart of Philip. This established space eliminates the lengthy and often costly build-out process, allowing for a swift transition into ownership and immediate revenue generation. The asking price is $320,000. This represents a significant opportunity to acquire a thriving business in a welcoming community, ready to serve its residents and visitors. The property's central location ensures high visibility and accessibility, making it an ideal investment for those seeking a profitable and established restaurant venture. Don't miss this chance to realize your culinary vision.
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
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.