102 S 1ST AVE, MARTIN, SD 57551

102 S 1ST AVE, MARTIN, SD 57551


102 S 1ST AVE
Martin, SD 57551

$1,750,000

Sq. Ft.: 57,568
Type: Commercial
Listing #134007
GREAT INVESTMENT! 14.7% CAP RATE!!! The Crossroads Inn is located at the intersection of Hwy S. US 18 and Hwy 73 in Martin, SD. It is the only motel in Martin and Bennett County. The nearest comparable motels are 50 mi. SW, 100 mi. W, 60 mi. N, 100 mi. E, and 120 mi. S. Because of its location bordered on 3 sides by Reservations and Nebraska on the South it is in an ideal location to attract business. The Guests consist of repeat stays, by route delivery companies, State and Federal agencies,as well as extended stays by construction companies all working on the reservations. Weddings, funerals, grain harvesters, tourists, make a busy summer. Hunting through the fall and spring are major draws with a lot of them booking a year in advance. Because of this mix of guests it maintains a good occupancy rate through the year with January and February being the slow months. This is an independent motel thus saving a lot of fees but has always been AAA rated.
Property Features
Location Information
MLS Area: Other
Additional Information
Property Type: COM
Property SubType: Other
Status: ACTIVE


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
$
List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Josh Uhre
Broker: VIP Properties
605.390.8790

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BHMLS data last updated at September 18, 2017 9:33 PM MT