This sale also includes the sale of 3701 W 49th St, Sioux Falls, SD 57106, which is located within the same parking lot.
This investment opportunity offers income from 31 tenants between two buildings plus billboard income. The two parcels totaling 2.94 acres offer ample land for a redevelopment opportunity. The seller has intentionally kept the leases short to keep redevelopment options available. The buyer could convert existing tenants to long term NNN leases at market rates to achieve an upside should they with to buy and hold. This is a great price per square foot for an experienced investor to realize upside or an experienced developer to repurpose the land.
Traffic counts on S Louise Avenue are approximately 23,300 vehicles per day and W 49th street is approximately 11,800 vehicles per day. Neighbors include the Empire Mall, Hy-Vee, Target and more.
Contact Broker Paul Gourley for rent roll, financials and additional information.