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| Type: | Specialized |
| Location: | 470 Main Street
Deadwood,South Dakota 57732 |
| Price: | $3,200,000 |
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Description:
Located in the Black Hills of South Dakota, not far from the Wyoming border, is this amazing property that needs to be sold right now! This property is located on the main road into Deadwood, South Dakota and is approx. one block from where main street splits off the main four lane highway through Deadwood. Located only 15 miles from the annual Sturgis Motorcycle Rally where some 500,000 bikers congregate every year, not to mention being a gateway into the northern Black Hills and near Mt.Rushmore, Deadwood's place as an entertainment mecca for the area continues to rise every year. With legalized gambling since 1989, Deadwood has become a regional center for entertainment and conventions. With a high advertising budget and strong commerical investment, Deadwood is increasing in traffic each year. Every vehicle that goes through Deadwood passes by this property.
This Property consists of:
470 Main St: This building is 3500 sq. ft on the ground floor under lease to McKenna's Gold Casino with 3500 sq. ft. of offices on the second floor. The building is cinder block with reveal siding and was constructed to be able to add a third floor. The attached garage is 900 sq. ft. high cube cinder block and is leased to the Chase Casino. Both buildings have been remodeled in the last 15 years.
460 Main St: This building is 3500 sq. ft. one floor cinder block under least to First Western Insurance company under a long term lease with a one year right to cancel for both parties. The building was remodeled in the last 5 years and can accommodate a second floor.
1, 3, & 5 Burnham St: These are three small wood frame cabins that were built around 1936. Two of the cabins, #1 & #3 Burnham St are listed as contributing in the Historic Register and are currently not habitable. The rafters are 2x4___ on 2' centers with 2x6___ floor joists on 2' centers. They both have severe rot and water damage with low ceilings and small rooms. Historic Preservation approval would be required to move or demolish these buildings. Letters of Demolition by Neglect have been received on 1 & 3 Burnham St. and building permits have been issued to correct the issues addressed.
Lots 1, 2, 3, 4, & 5 in Block C of Fargo's Addition are empty lots with no buildings.
Current income is 450K Gross
Additional rental income of $64000
Asking $3,200,000
Price already reduced from 4.3. Priced for quick sale.
Serious inquiries only please.
Call (605)550-0197 or email. More information and pictures are available online.
Additional Information:
| Sale_Type: | For Sale | | Square Feet: | 11000 | | Number Rooms: | 15 | | Number Bathrooms: | 5.0 | | Number Stories: | 2 | | Lot Size-Acreage: | 46000sqft | | Heat Source: | Gas | | Air Conditioning: | Other | | Water Source: | City | | Price: | $3,200,000 |
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Contact Information:
(You may contact the seller by email or phone)
Listing #: 13828439
Visitors: 136
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