Buffalo Bodega Complex
A Stabilized, Multi-Revenue Historic Asset on Deadwood South Dakota Most Trafficked Corridor
Marketing description
The Buffalo-Bodega Complex occupies over half a block of prime frontage on Historic Main Street in Deadwood, South Dakota, directly across from the Historic Number 10 Saloon in one of the district's highest foot traffic zones. The complex operates multiple revenue streams under one roof, including a casino, full-service restaurant, bar, and the Buffalo Bodega Saloon, widely recognized as the oldest continuously operating bar in Deadwood. This diversification across gaming, food and beverage, and entertainment provides built-in resilience against seasonal fluctuation and single-source risk.
Deadwood's regulated gaming market, combined with year-round tourism anchored by events, motorsport rallies, and proximity to national landmarks, supports a demand profile few small-market hospitality assets can match. The property benefits from sustained municipal investment in the Historic Main Street corridor and an established consumer base that returns annually. With demonstrated NOI performance and a cap rate aligned with institutional expectations for stabilized hospitality assets, the Buffalo-Bodega
Complex represents a rare acquisition: an irreplaceable location, a proven operating model, and a brand with over a century of built-in equity. Seller financing or partial carry is available for a qualified buyer.
Investment highlights
Asking Price: $12,500,000 | 14.3% Cap Rate on 2025 Adjusted NOI
Turnkey five-building casino, bar, restaurant, and entertainment complex on Historic Main Street in Deadwood, SD
Gross revenue exceeds $4M annually with strong, stabilized NOI and long-term on-site management in place
Full gaming license and Malt/Liquor License included (upon successful transfer through SD Gaming Commission and state)
19,844 SF across five interconnected structures on approximately 1 acre in one of the few legal gaming jurisdictions in the U.S.
All FF&E, intellectual property, branding, trademarks, website, and digital assets included in sale
On-site workforce and owner housing across multiple buildings reduces operating costs and provides competitive staffing advantage in a tight labor market
Deadwood draws 2.5M+ visitors annually with 12-month revenue cycle driven by gaming, regional tourism, and year-round events including the Sturgis Motorcycle Rally
Unfinished upper-floor space across multiple buildings presents value-add potential for boutique lodging, expanded gaming, or additional commercial use
Established in 1877, oldest bar in South Dakota, operating continuously for 148 years on the same Main Street location
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