Super 8 by Wyndham

503 14th Avenue SE Watertown, SD

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Sale Price: $2,800,000

Building Size: 23,676 sq. ft.

Total Available Space: 23,676 sq. ft.

Suite Size: 23,676 sq. ft.

Property Type: Hospitality

Year Built: 1981

Property Description

Property Features

  • 57 room hotel
  • Building size: 23,676 sq. ft. (three floors)
  • Lot size: 1.79 acres (78,071 sq. ft.)
  • Annual occupancy: 59.75%
  • ADR: $64.06
  • 2019 Revenue: $1,087,628
  • PIP list: Nothing pending
  • Year built: 1981
  • Ample surface parking available
  • All showings must be set up by broker

Pricing

  • Price: $2,800,000
  • $49,122/per key
  • Price includes FF&E
  • 2019 Real Estate Taxes: $10,712.86
  • Financials available upon request

Location

  • Located just south of 9th Street SE
  • Area neighbors include: Hy-Vee, Menards, Target, Wal-Mart, Perkin’s, Watertown Mall, Culver’s, Runnings

Brokers

Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile