12300 W Hwy 44 - Service Station FOR SALE


Rapid City, SD 57702
$549,000 USD
605-343-7500
12300 W Hwy 44, Rapid City, SD for Sale
$549,000 USD
Service Station - FOR SALE
1/5
null | Request Cap Rate

12300 W Hwy 44
Rapid City, SD 57702


OVERVIEW

-Formerly the gas station at Johnson Siding, this 2,136sqft retail space has been fully remodeled and now offers a fantastic commercial opportunity in a high traffic location. -Current owners have spared no expense in updating the property. Outside updates include: new rubber roof on main building and a metal roof on the storage building, new mound septic system with lift station, new HVAC trunks and an energy efficient heat meter. Interior updates include: new interior ceiling with 20" of blown-in insulation, updated electrical,new plumbing lines, LED lighting, fresh paint and new drywall throughout, and a freshly painted and sealed concrete floor. Walk in 25'x7' cooler with 10 access doors. -2nd building is 1,320sqft and offers great residual income- front 450sqft is leased to a long term mo/mo tenant, andremaining 864sqft is split into 3 separate storage units with 10' overhead doors. -Plenty of parking in gravel area around property, and sellershave retained the front covered awning for expansion opportunities. Great visibility and daily traffic count (SD DOT 2024 ADT report up to 2,500vehicles/day). -Sellers removed the non-compliant fuel system, but these could be added back later for additional income potential. -Property has a shared well and septic system. Majority of work has been completed, but a few items remain: electrical covers, switchplates and heat register covers, minor bathroom work, replacing some interior wood paneling, adding small section of tin ceiling above indoor cooler and thewalk-in cooler is being serviced soon. -There is an environmental review/mediation process is in progress for the non-compliantfuel system that was removed.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

0046691

ASK ABOUT THIS PROPERTY

Lyndsey AkleyKeller Williams Black HillsMore Info
605-343-7500

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Lyndsey AkleyKeller Williams Black HillsMore Info
605-343-7500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.