1313 W Cherry St - Hospitality FOR SALE


Vermillion, SD 57069
$823,000 USD
605-760-7214
1313 W Cherry St, Vermillion, SD for Sale
$823,000 USD
Hospitality - FOR SALE
1/44
null | 6.58% Cap Rate

1313 W Cherry St
Vermillion, SD 57069


HIGHLIGHTS

  • Near Major Highways and Interstate
  • Completely Renovated with Professional Design
  • Major Income Growth Opportunity

OVERVIEW

DISCOVER a rare opportunity with this charming 18-room Mid Century Modern motel, a nostalgic nod to classic Americana. Set on a spacious lot, it also features 9 RV spots, offering flexible income streams. The property features a vintage-style pub, perfect for guests to relax and enjoy a drink. The motel boasts unique architectural details, including geometric patterns and sleek lines, capturing the essence of the Mid-Century era. Each room is tastefully appointed with modern amenities, ensuring a comfortable stay for guests. Ideal for a boutique, turnkey motel operation, this property is strategically located near major highways. Let's not forget the updated 2-bedroom owner's apartment! https://studio13motel.com/

FOR SALE DETAILS

PRICE

$823,000 USD

PRICE/SF

$98 USD /SF

# OF ROOMS

18

PRICE/ROOM

$45,722 {currency}

CAP RATE

6.58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio 13 Motel & RV Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

27

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

GB

APN/PARCEL ID

15880-09252-144-01

ASK ABOUT THIS PROPERTY

Kerry WoehlThe Move GroupMore Info
605-760-7214

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Kerry WoehlThe Move GroupMore Info
605-760-7214

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.