Property profile

2002 Garfield Ave Pierre, SD 57501

OFF-MARKET
Land
65,645 SF 1.51 ac lot
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Property summary

AI-generated overview

This exceptional 1.507-acre land parcel presents a remarkable investment opportunity in northeast Pierre, South Dakota. Located at 2002 N. Garfield Ave, this property boasts approximately 257 feet of frontage on a major thoroughfare, ensuring high visibility and accessibility. The site benefits from its strategic location near established retail giants such as Walmart Supercenter, Menards, and Northridge Plaza, a shopping center housing Hobby Lobby, Maurices, Shoe Sensation, Karl's TV & Appliances, and various restaurants. This prime location places the property within a thriving retail corridor experiencing one of the highest traffic counts in the area. The asking price is $557,982, translating to $8.50 per square foot for the total 65,645 square feet. Pierre's status as a regional hub and the state capital, coupled with its high per capita income within South Dakota, further enhances the investment potential. While some restrictions apply, the property offers numerous possibilities for developing retail spaces catering to clothing and accessories, full-service restaurants, fast food establishments, and specialty dining options. This site is ideally positioned to serve a significant captive market. Detailed information regarding restrictions is available upon request. The property's address is 2002 N Garfield Ave, Pierre, SD 57501, situated in Hughes County.

Property profile

Verified
Property type Land
Total area 65,645 SF
Lot 1.51 ac (65,645 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2002 Garfield Ave Pierre, SD 57501
Pierre metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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