409 Cliff StDeadwood, SD 57732

Property Details for 409 Cliff St

Year built

1990

Lot size

0.52 AC

Property size (Sq ft)

5,000 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

30900-00107-000-23

APU

309000010700023

Description

This exceptional commercial property, located at 409 Cliff St in Deadwood, South Dakota, presents a unique investment opportunity. The building boasts a substantial 10,000 square feet of retail space, thoughtfully divided into two 5,000 square foot levels. Its prime location ensures high visibility and traffic, benefiting from direct highway frontage. The property sits on a 0.23-acre lot and has been successfully occupied by the Antique Emporium for two decades, demonstrating its enduring appeal and suitability for retail operations. The open floor plan offers flexibility for various retail configurations, while the main level's handicap accessibility ensures inclusivity. Four bathrooms are conveniently located, two on each level, with both main floor restrooms designed for accessibility. The building is equipped with air conditioning and natural gas forced air heating for year-round comfort. Ample off-street paved parking is available for customers and staff. A fully functional sprinkler system enhances safety and security. Across the highway lies a Deadwood city park, offering public restrooms, fishing access, picnic areas, and walking trails, further enhancing the property's appeal and attracting foot traffic. This property is zoned for commercial use and presents a compelling opportunity for a savvy investor seeking a well-established, high-traffic retail location in the vibrant city of Deadwood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,756,097

  6.5%

  $1,621,013

  7%

  $1,505,226

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,308,607

  Geo Method

  $1,041,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,367,385

  Hospitality

  $1,252,517

  Educational

  $1,042,080

  Medical

  $1,077,918

  Retail

  $1,621,013

Location Insight

City

Deadwood

County

Lawrence

State

South Dakota

Latitude

44.3603

Longitude

-103.738

CBSA code

43940

CBSA name

SPEARFISH, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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