Listed by Market First Real Estate
$2,100,000
Econolodge
Details
Property Type Hospitality
Sub Type Hotel
Square Footage 22,846
Price per SqFt $92
Year Built 1983
Year Renovated 2013
Stories 2
Acreage 1.380
Zoning C3
Investment Type Sale/Leaseback
Great opportunity for the right group
Marketing description
Excellent investment opportunity—48-unit, two-story interior corridor hotel in Watertown, SD, just off I-29 and only 9 minutes from Watertown Regional Airport. Offered at $44,791 per key, this 22,846 SF property on 1.38 acres is zoned C3 (Highway Commercial) for flexible use. Built in 1983 and renovated in 2013, featuring a business center, high-speed internet, public Wi-Fi, and smoke-free accommodations. Ideal for an owner-operator or value-add investor.
Investment highlights
787,000 in improvements
Listing Contacts
Listed by Market First Real Estate
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