15350 Highway 44Caputa, SD 57725

Property Details for 15350 Highway 44

Year built

1909

Lot size

0.32 AC

Property size (Sq ft)

2,960 SF

Property type

Retail properties

Property subtype

Bars

APN

56-01-278-012

APU

5601278012

Description

This exceptional opportunity presents a well-established bar and grill located at 15350 E Highway 44 in Caputa, South Dakota. Built in 1909, this 5,870 square foot property boasts a unique and nostalgic atmosphere, attracting a loyal local clientele in a rapidly growing area. The business benefits from a strong reputation for good food and drinks, contributing to its consistent success. The sale includes a large number of fixtures and decorative elements, creating an immersive and authentic experience for patrons. While certain decorative items, specifically the animal mounts, are excluded from the sale, the current owner is open to leaving them for display purposes. Adding to the property's value is a two-bedroom apartment situated above the bar. Currently rented for $1200 per month by a long-term tenant, this space offers potential for owner occupancy or continued rental income. The property sits on a 0.34-acre lot, providing ample space for outdoor seating or potential expansion. This turnkey business presents a rare opportunity to acquire a thriving establishment with significant potential for growth in a desirable location. The asking price for this unique property is $1,100,000. This includes the building, fixtures, and the existing business operations. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,039,610

  6.5%

  $959,640

  7%

  $891,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,958,696

  Geo Method

  $616,279

• Alternative Use

  Use

  Valuation

  Residential

  $809,492

  Hospitality

  $741,490

  Educational

  $616,911

  Medical

  $638,128

  Retail

  $959,640

Location Insight

City

Caputa

County

Pennington

State

South Dakota

Latitude

43.9939

Longitude

-102.981

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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