Investment Overview
Discover a prime investment opportunity at this remarkable property in Watertown, SD. Boasting a spacious 40,714 SF in buildings, this historic gem, constructed in 1882, 1920 and 1926 and partially renovated in 2017, exudes timeless charm while offering modern functionality. There are three properties, these can be sold as one or split out. Zoned C1 and ideally situated in the heart of Watertown, this property presents immense potential for an Office / Office, retail and multifamily Buildings investor. With 25% occupancy, there is the opportunity to customize the remaining space to suit specific needs, creating a compelling proposition for prospective tenants. With its rich history and strategic location, this property stands as an exceptional choice for investors seeking a solid foothold in the vibrant commercial landscape of Watertown.
Co-listing agent is a licensed real estate agent in the State of South Dakota and has ownership interest in the property.
Investment Highlights
- - 40,714 SF in historic buildings
- -Partially Renovated in 2017
- - Zoned C1 for commercial use
- - Prime location in Watertown
- - 25% occupancy with potential for customization
- - Versatile space for office, retail and multifamily tenants
- - Rich architectural charm
- - Modern amenities and functionality
- - Prominent visibility and accessibility
- - Historic appeal with modern conveniences