Guest House

101 North Broadway, Watertown, SD 57201

Property Information

  • For Sale $1,900,000
  • Property Type Multi-Family
  • Property Size 31,936 SF
  • Units 62
  • Lot Size 2.08 Acre
  • Year Built 1964
  • Year Renovated 2026
  • Date Updated Oct 2, 2026

Description

Discover the bustling city of Watertown, SD, known for its vibrant community and rich cultural heritage. Just steps away from the property, historical attractions like the Redlin Art Center and Codington County Heritage Museum offer a glimpse into the area's past. Visitors can enjoy the scenic beauty at Lake Kampeska or tee off at one of the nearby golf courses. With a variety of dining options, boutique shops, and entertainment venues, the location offers an ideal blend of convenience and leisure. Whether guests seek adventure or relaxation, Watertown's charm and hospitality create an inviting environment for businesses in the hospitality or full-service industry.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.

Highlights

  • Commercially zoned hospitality asset
  • Designed for guest service functionality
  • Flexible layout for lodging operations
  • Hospitality property at 101 North Broadway
  • Opportunity to modernize interior finishes
  • Potential for operational efficiency improvements
  • Potential for renovation or repositioning
  • Street-facing commercial presence
  • Strong candidate for value-add strategy
  • Suitable for investor or owner-user acquisition
  • Supports branded or independent hotel concepts

Contacts

Location

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