736 3rd Ave - Hospitality FOR SALE


Lake Andes, SD 57356
$399,000 USD
605-505-0686
736 3rd Ave, Lake Andes, SD for Sale
$399,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

736 3rd Ave
Lake Andes, SD 57356


OVERVIEW

The Landing Strip Motel sits on 2.23 acres and offers 20 motel rooms, an attached bar and restaurant area, and two additional storage sheds, creating multiple options for lodging, dining, events, storage, or additional income potential. Located in the Lake Andes area, this property is well positioned for travelers, outdoor recreation visitors, hunters, anglers, and local clientele. With nearby fishing, boating, hunting, camping, and small-town community traffic, there is plenty of opportunity for the next owner to bring their vision to life. With established improvements, flexible commercial space, and strong potential, The Landing Strip Motel is ready for its next chapter!

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$54 USD /SF

# OF ROOMS

20

PRICE/ROOM

$19,950 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

-

APN/PARCEL ID

29.75.032

ASK ABOUT THIS PROPERTY

Carson KoehnJuffer Real Estate Inc.More Info
605-505-0686

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

Carson KoehnJuffer Real Estate Inc.More Info
605-505-0686

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