440 Heritage Dr - Hospitality FOR SALE
Spearfish, SD 57783 |
$2,400,000 USD
952-852-9767
440 Heritage Dr
Spearfish, SD 57783
HIGHLIGHTS
- Attractive Pricing – Offered at a 2.41x room revenue multiplier, presenting excellent value relative to income potential
- Strong Room Revenue – 2024 room revenue of ~$1,000,000 underscores consistent demand and revenue stability
- Significant upside potential through hands-on management and strategic expense reduction
- Tourism-Driven Market – Benefits from proximity to the Black Hills, Mount Rushmore, Deadwood, and Spearfish Canyon
- Interstate Visibility – Prime location off I-90 ensures strong highway exposure and accessibility for transient guests
- Franchise Strength – Backed by Super 8 by Wyndham, one of the world’s most recognized and trusted economy brands
FOR SALE DETAILS
PRICE
$2,400,000 USD
PRICE/SF
$55 USD /SF
# OF ROOMS
60
PRICE/ROOM
$40,000 {currency}
CAP RATE
5.92%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Super 8 Spearfish
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1977
PARKING SPACES
52
LAND DETAILS
LAND ACRES
2.03 AC
LAND SF
88,427 SF
ZONING
Commercial
APN/PARCEL ID
32210-19000-000-01
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952-852-9767
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952-852-9767
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