505 N River

Description

Here is your opportunity to own a beautifully preserved historic sandstone building in downtown Hot Springs! Originally known as the Medical Block in the early 1900s, this impressive 1910 commercial structure is ideally located across from the waterfall, Freedom walking trail, and Centennial Park. The high visibility, central location has heavy foot traffic and would be a great location to start your new business or simply take over the current TURN-KEY opportunity. The main level has three commercial suites that are all presently leased, a large conference room, central storage room, restrooms, and deck area. The second story offers three newly remodeled apartments that are very successfully operating as vacation rentals. The units are an efficiency, one bedroom, and two bedroom. They are all tastefully decorated with a modern feel and will come completely furnished and ready to welcome guests. This level also boasts a private deck area and laundry service. Visitors will enjoy their stay in the heart of Hot Springs with walking access to dining, shopping, art, spas and other local attractions. In addition to the very recent remodeling, other major updates include new windows and a new heating / cooling system. Contact me for a more comprehensive list of improvements. Property has recently been added to a Historical Sandstone Buildings tour at historichotspringssd.com. Take a look for some great history and photos of Hot Springs. Call 605-685-4060 for more information.