909 E St Patrick St - Storefront Retail/Office CONDO FOR SALE


Rapid City, SD 57701
$2,650,000 USD
307-316-2239
909 E St Patrick St, Rapid City, SD for Sale
$2,650,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/63
null | 7.25% Cap Rate

909 E St Patrick St
Rapid City, SD 57701


HIGHLIGHTS

  • Stabilized Asset with Value-Add Potential: Currently 90.7% occupied by a diverse mix of nine tenants, providing stable cash flow with the opportunity
  • Seasoned & Resilient Tenant Roster: Anchored by Boyd's Drug Mart, a community staple since 1952, and complemented by a mix of recession-resistant tena
  • Powerful Shadow Anchor: A brand new, separately-owned O'Reilly Auto Parts shares the building structure and parking lot.

OVERVIEW

This asset offers an exceptional blend of secure, in-place cash flow from a seasoned tenant roster and a clear value-add opportunity through the lease-up of existing vacancy. The property features a diverse mix of medical, office, retail, and service-based tenants, several of whom have operated at this location for decades, demonstrating a strong historical performance and commitment to the site. A key strategic advantage is the property's direct adjacency and shared physical plant with a brand new, high-traffic O'Reilly Auto Parts store. This national tenant acts as a powerful shadow anchor, driving consistent consumer traffic to the shared parking lot and providing daily exposure for the tenants at Saint Patrick Plaza. With approximately 12,000 vehicles passing per day on E Saint Patrick Street, the property boasts excellent visibility and access. This offering is ideal for an investor seeking a reliable income stream with tangible upside in one of the Midwest's most dynamic and fastest-growing markets.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

7.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Robbinsdale Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Drug Store, Storefront, Medical

TOTAL BUILDING SIZE

32,400 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

General commercial

APN/PARCEL ID

0039616

ASK ABOUT THIS PROPERTY

Mariah JefferyColdwell Banker - The Property Exchange, Inc.More Info
307-316-2239

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

Mariah JefferyColdwell Banker - The Property Exchange, Inc.More Info
307-316-2239

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