Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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