2431 Junction Ave - Hospitality FOR SALE


Sturgis, SD 57785
$2,950,000 USD
307-686-9500
2431 Junction Ave, Sturgis, SD for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/115
null | Request Cap Rate

2431 Junction Ave
Sturgis, SD 57785


HIGHLIGHTS

  • Great Location
  • Manager's Apartment
  • Independent Property

OVERVIEW

Sturgis Lodge and Suites, an established property with 55 rooms, available for sale in the iconic town of Sturgis, South Dakota. Conveniently situated just off Interstate 90, this property presents an exceptional investment opportunity for those interested in entering the thriving tourism industry of the Black Hills, home to the renowned Sturgis Motorcycle Rally. Free from franchise obligations and strategically positioned for robust returns, this is a rare chance to acquire a piece of Sturgis' rich history and become a part of the dynamic hospitality sector in the Black Hills. Nestled amidst the picturesque Black Hills, the property offers guests breathtaking natural beauty. Whether you're a seasoned hotelier or an investor looking to enter the hospitality market, Sturgis Lodge and Suites provides an unparalleled combination of location, amenities, and potential. $100,000 improvement credit with full price accepted offer at closing

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$132 USD /SF

# OF ROOMS

55

PRICE/ROOM

$53,636 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sturgis Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1966

PARKING SPACES

136

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

CITY LTS-IMP/UNIMP-COMM

APN/PARCEL ID

01.61.00.CDE2

ASK ABOUT THIS PROPERTY

Pat GreenHCBRE, LLCMore Info
307-686-9500

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Pat GreenHCBRE, LLCMore Info
307-686-9500

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