101 North Broadway
- Hospitality property at 101 North Broadway
- Suitable for investor or owner-user acquisition
- Flexible layout for lodging operations
- Potential for renovation or repositioning
- Street-facing commercial presence
- Designed for guest service functionality
- Opportunity to modernize interior finishes
- Supports branded or independent hotel concepts
- Strong candidate for value-add strategy
- Commercially zoned hospitality asset
- Potential for operational efficiency improvements
Property Description
Located at 101 North Broadway in Watertown, SD, this short-term multifamily property presents an appealing opportunity for an investor seeking a flexible lodging asset with strong operational potential. The building offers a functional layout designed to support guest accommodations, back-of-house efficiency, and day-to-day hospitality operations. Its prominent street-facing presence and established commercial setting create a strong foundation for repositioning, renovation, or continued hospitality use. Most rooms have been renovated with only about 8 left and restaurant is ready for new tenants.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,900,000 |
| No. of Units: | 62 |
| Year Built: | 1964 |
| Lot Size: | 2.08 Acres |
| Opportunity Zone: | No |
| Price per unit: | $30,645 |
| Property Website | Click Here |
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Brokers
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Remax Professionals
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Jared Ennis
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout