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19873015
19873016

326 Broadway Ave, Valley Springs, SD 57068 For Sale

PG
SD 765511107
Harr-Lemme Commercial Real Estate
Listed by Harr-Lemme Commercial Real Estate
$420,000
685 days on market
Updated 20 days ago

Valley Springs, SD - Industrial + Bar / Casino

Details
Property Type Industrial, Mixed Use (+1)
Sub Type Bar, Convenience Store (+1)
Square Footage 10,500
Units 4
Tenancy Multi
Pro-Forma Cap Rate 9.64%
Pro-Forma NOI $40,505
Price per SqFt $40
Broker Co-Op Yes
Lot Size (SqFt) 19,600
Investment Type Value Add
Ground Lease No

Great investment or owner occupant opportunity

Marketing description

Property Highlights

  • 10,500 Total Square Feet
  • Mix of Industrial, Retail, and Bar/Casino Space
  • Four (4) Separate Tenant Spaces
  • Ample Parking Located at the Front, Side, and Rear of the Property
  • Excellent Visibility and Accessibility
  • Opportunity for Owner-Occupancy or Investment
  • Seller Open to Contract for Deed and Creative Financing Options

Investment Opportunity

This property presents a unique opportunity to acquire a multi-tenant commercial asset at an attractive price point. With a combination of occupied and vacant spaces, investors have the ability to increase occupancy, reposition existing spaces, or occupy a portion of the property while generating rental income from the remaining units. The flexible layout and diverse suite mix support a wide variety of commercial, industrial, retail, and entertainment uses.

Whether you are an investor seeking cash flow and upside potential or an owner-user looking for a highly functional commercial property, this offering provides significant flexibility and long-term value.

Investment highlights

FOR SALE | MULTI-TENANT COMMERCIAL INVESTMENT OPPORTUNITY – VALLEY SPRINGS

Exceptional opportunity to acquire a versatile commercial property offering a combination of industrial, retail, and hospitality space. Situated on a highly visible location in Valley Springs, this 10,500-square-foot property provides multiple income streams, flexible occupancy options, and value-add potential for investors or owner-users.

Offering Price: $420,000

Price Per Square Foot: $40.00

Income Overview

  • Projected Gross Annual Income: $45,600
  • Multiple Leasing Opportunities with Existing and Future Income Potential

Tenant / Space Breakdown

Space 1: 316–320 Main Building

  • 4,500 Square Feet Total
    • 3,000 SF Industrial / Flex Space
    • 1,500 SF Bar/Casino Space
  • Current Status: Vacant
  • Projected Gross Income:
    • $2,250 Monthly
    • $27,000 Annually

Space 2: 312 Shop Space

  • 1,500 Square Feet
  • Current Status: Vacant
  • Projected Gross Income:
    • $500 Monthly
    • $6,000 Annually

Space 3: 310 Shop Space

  • 2,500 Square Feet
  • Current Status: Month-to-Month Tenant
  • Current Gross Income:
    • $850 Monthly
    • $10,200 Annually

Space 4: Rear Shop Building

  • 2,000 Square Feet
  • Current Gross Income:
    • $667.00 Monthly
    • $8,000 Annually

Listing Contacts

PG
SD 765511107
Harr-Lemme Commercial Real Estate
Listed by Harr-Lemme Commercial Real Estate

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