Budget One Motel

309 8th Avenue SE Watertown, SD

View Spec as PDF

Sale Price: $720,000

Building Size: 14,112 Sq. Ft.

Total Available Space: 14,112 Sq. Ft.

Suite Size: 14,112 Sq. Ft.

Property Type: Business Opportunity | Investment | Hospitality

Year Built: 1947

Property Description

Property Features

  • 39 rooms plus managers housing and one apartment
  • 14,112 total building sq. ft.
  • Hotel lot size = 1.76 acres
  • Original building built in 1948 with renovations and additions in 1957, 1958, 1963, 1995 & 2000
  • 13 rooms were completely renovated in 2016
  • $143,546.57 in capital improvements in 2015 & 2016
  • Pole and building signage
  • Paved, on-site parking
  • Occupancy in 2016 = 55%

Pricing

  • List Price = $720,000 ($51.02/Sq. Ft.)
  • $18,000 per key
  • 2016 Real Estate Taxes are $5,818.08
  • Financials available upon request

Location

  • Located on the corner of Hwy 212 and 81 by McDonalds.
  • 1.8 miles from New Ulm Municipal Airport
  • Area neighbors include Perkins Restaurant, McDonalds, Taco Bell, Pizza Hut, Walgreens, Cowboy Country Store, and Great Western Bank

Brokers

Bill Connelly

Vice President

Office Phone: (605) 444-7130

Bill Connelly, Vice President with NAI Sioux Falls has been with the firm since 2008.  Bill’s primary area of expertise is the representation of sellers/landlords and buyers/tenants in the sale and leasing of industrial and investment properties. Bill’s attention to detail and ability to bring people together to get things done proves to be an asset for creating positive results for his clients. Bill maintains a strong network of owners, tenants and brokers. He handles every step of the real estate process for his clients, including telephone prospecting, site searches, and negotiating final lease or purchase agreements.

View Bill's Profile