Doug's Anchor Marine

1560 South Dakota 20, Watertown, SD 57201

Property Information

  • For Sale $3,000,000
  • Property Type Retail - Street Retail
  • Property Size 12,000 SF
  • Units 36
  • Lot Size 3.35 Acre
  • Year Built 1953
  • Date Updated Mar 2, 2026

Description

Located along South Dakota Highway 20, this property offers excellent visibility and easy accessibility in Watertown, SD. Positioned on a well-traveled route, it benefits from consistent traffic flow, making it convenient for both local customers and visitors from surrounding communities. The site provides close proximity to Watertown’s residential neighborhoods, retail centers, and service businesses, creating strong potential for customer draw. With highway frontage and ample access, this location is ideal for retail, service, or storage operations seeking a high-exposure setting in a growing community.Doug’s Anchor Marine – Business & Real Estate for Sale Watertown, South Dakota Take advantage of this rare opportunity to acquire a well-established marine business along with the associated real estate in Watertown, SD. Doug’s Anchor Marine offers a turnkey operation paired with a functional commercial building and additional income-producing storage units — creating multiple revenue streams under one investment. The property features a secure, locked, and fenced-in yard at the rear, ideal for boat storage, vehicle storage, trailers, and equipment. In addition, on-site rental garages provide dependable supplemental income and strong demand for secure storage solutions in the area. Doug’s Anchor Marine has served the region’s boating and outdoor community, benefiting from Watertown’s proximity to Lake Kampeska and surrounding recreational waters. The combination of retail/service operations and rental storage creates a diversified income model with room for future growth and operational expansion. Inventory is not included in the sale price. However, the buyer has the option to purchase existing inventory at the seller’s cost at the time of closing, allowing flexibility in capital allocation and startup planning. Whether you are an owner-operator looking to step into a respected local business or an investor seeking real estate with built-in income streams, this opportunity offers security, functionality, and long-term potential.

Highlights

  • Established Business – Long-standing marine and outdoor retail/service operation with strong name recognition in the region.
  • Multi-Income Opportunity – Includes building, business operations, and additional revenue from rental storage garages.
  • Prime Location – Conveniently located in Watertown, SD, with easy access for customers and storage tenants.
  • Secure Storage – Fenced, gated, and locked back area with rental garages providing consistent income and tenant demand.
  • Turnkey Offering – Business, building, and storage all included in one package for a smooth ownership transition.
  • Value-Add Potential – Opportunities to expand services, increase storage rental rates, or develop additional units.

Contacts

Todd Syhre

eXp Commercial

Location

Contact Listing Broker
Todd Syhre

eXp Commercial

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