7900 Stagestop Rd Summerset, SD 57718-9135

Property Details for 7900 Stagestop Rd

Lot size

1.65 lot acres

Property type

Commercial real estate

APN

0C.60.09

APU

0C6009

Description

This exceptional 55-key hotel, built in 2000, boasts 71,775 square feet on a 1.65-acre lot in Summerset, South Dakota. Located on I-90, it benefits from high visibility and proximity to major attractions like the Sturgis Motorcycle Rally and Mount Rushmore (35 miles). The property is in excellent condition and presents a significant branding opportunity. The asking price is $3,200,000, translating to $44.58 per square foot. The surrounding area exhibits strong growth potential, making this a turnkey operation ideal for investors seeking a profitable venture in the thriving Black Hills hospitality market. This single-building hotel offers a compelling investment opportunity due to its prime location, strong performance, and potential for future expansion. The hotel's strategic position between Sturgis and Rapid City ensures consistent occupancy, particularly during peak tourist seasons. The property's excellent condition minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is a rare opportunity to acquire a well-established hotel in a rapidly growing region with significant upside potential.

Location Insight

City

Summerset

County

Meade

State

South Dakota

Longitude

-103.351

Latitude

44.1987

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments