632 Mount Rushmore Rd - Specialty FOR SALE


Custer, SD 57730
$2,300,000 USD
605-863-0725
632 Mount Rushmore Rd, Custer, SD for Sale
$2,300,000 USD
Specialty - FOR SALE
1/58
null | Request Cap Rate

632 Mount Rushmore Rd
Custer, SD 57730


HIGHLIGHTS

  • Modern loft apartments
  • Great, high-traffic downtown Custer location
  • Fully equipped kitchen, dining area, gathering space, 1-3 bdrms, 1-2 baths & sofa bed
  • Building completely renovated in 2022
  • New wiring, plumbing, sprinkler system upstairs, insulation, windows (except main level front), floor coverings, fixtures, appliances, paint
  • 4,350 sq. ft. main level retail space is currently leased out, providing reliable income year-round

OVERVIEW

CREAM OF THE CROP! EXCELLENT LOCATION! Doesn't get more TOP-TIER than this! Overflowing w/ commercial & investment lucrativity, these 6 prime short-term/vacation rental apartments reside in a great, high-traffic downtown Custer location. The “BASECAMP” modern upstairs loft apartments each offer a fully equipped kitchen, dining area, gathering space, 1-3 bedrooms, 1-2 baths, & sofa bed. BUILDING COMPLETELYRENOVATED in 2022 – new wiring, plumbing, sprinkler system upstairs, insulation, windows (except main level front windows), floor coverings, fixtures, appliances, paint, & the list goes on & on!! The 4,350 sq ft main level retail space is currently leased out providing reliable income year-round. Basecamp numbers have steadily grown each year & the reviews are amazing! The light & bright feel of the rooms w/ every imaginable convenience are a delight to guests that like to walk the town & go out to eat or for a drink w/o driving. One could never rebuild this building in this location for anywhere near this price – let alone the income! Custer has a bustling summer tourist season & features a new Mayo Clinic-affiliated Hospital, strong K-12 school system & a thriving tourist district w/ restaurants & shops. Why does business make sense in South Dakota? NO corporate income tax. NO franchise or capital stock tax. NO personal property or inventory tax. NO personal income tax. NO estate& inheritance tax. Perfect for anyone looking to expand in the thriving Black Hills tourism market!!!

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Basecamp

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Commercial

APN/PARCEL ID

008623

ASK ABOUT THIS PROPERTY

Faith LewisLewis RealtyMore Info
605-863-0725

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Faith LewisLewis RealtyMore Info
605-863-0725

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