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702 Highway 16A

Keystone, SD 57751
  • $3,420,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 70365
$3,420,000
  • 0
    BEDS
  • .5 - 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1991
Area:

School Ratings & Info

Description

SUPER 8 BY WYNDHAM KEYSTONE/MT RUSHMORE. Proudly Presenting the closest Hotel to Mt Rushmore National Memorial in the Beautiful Black Hills of South Dakota! First time offered for sale since these owner bought It in 2007. This Hospitality listing has three stories, currently 42 rooms, and offers services including breakfast/lounge area, ice, vending machines and laundry. Lots of upgrades over the last couple of years see property information packet for a list of them. In spite of not having enough employees to run at full capacity in 2021 They still had their highest yearly revenue thanks to the raised ADR. The Pool/Hot tub area is not currently in use. Could be re-instated as such or better use might be to convert it into 3 or 4 more rooms for additional revenue. Could not be replaced at this price. This section of Hwy 16A has the highest traffic count in the whole Black Hills during the summer tourist season and Keystone is the busiest summer tourist town in the Black Hills. One of a kind opportunity! Could not be replaced near this price. lot value between 1.5 and 1.9 mil and rooms 100,000 - 110,000 value new build. 5.7 Mil to 6.5 Mil to replace.

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© 2021 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2021-12-03T23:44:41.233.
www.daneenjacquot.com/homes/123292365
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702 Highway 16A Keystone, SD 57751

  • Price: $3,420,000
  • Status: Active
  • On Site: 18 Days
  • MLS #: 70365
0
Beds
0
Baths
0
½ Baths
.5 - 1
Acres
1991
Built
Neighborhood:
Keystone
Area:
Keystone
Property Description
SUPER 8 BY WYNDHAM KEYSTONE/MT RUSHMORE. Proudly Presenting the closest Hotel to Mt Rushmore National Memorial in the Beautiful Black Hills of South Dakota! First time offered for sale since these owner bought It in 2007. This Hospitality listing has three stories, currently 42 rooms, and offers services including breakfast/lounge area, ice, vending machines and laundry. Lots of upgrades over the last couple of years see property information packet for a list of them. In spite of not having enough employees to run at full capacity in 2021 They still had their highest yearly revenue thanks to the raised ADR. The Pool/Hot tub area is not currently in use. Could be re-instated as such or better use might be to convert it into 3 or 4 more rooms for additional revenue. Could not be replaced at this price. This section of Hwy 16A has the highest traffic count in the whole Black Hills during the summer tourist season and Keystone is the busiest summer tourist town in the Black Hills. One of a kind opportunity! Could not be replaced near this price. lot value between 1.5 and 1.9 mil and rooms 100,000 - 110,000 value new build. 5.7 Mil to 6.5 Mil to replace.
Exterior Features

Lot Description Corner Lot Lot Size .65 Marquee Yes Parking CommonPaved Parking Spaces Yes Road Surface Blacktop Topography Level

Interior Features

Approx Building Sq Ft 18371 Basement Substructure Crawl Space Cooling Minisplit Heating Minisplit

Property Features

Access Private Auction YN No Commercial Property Type Business/Land/Building(S) Documents On File Legal DescriptionAerial Photo Electric Location To Lot Extras FurnishedHighway AccessLaundryManager On-SitePoolViewWindow Coverings For Sale Or Rent For Sale Improvements Other Owner Non Compete No Possession Negotiable Short Sale No Subdivision YN No Terms CashNew Loan Type Lot Other Utilities Sewer City (At Site) Will Divide No

Listing information © 2021 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Faith Lewis of Lewis Realty/Keller Williams Realty Black Hills.



© 2021 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2021-12-03T23:44:41.233.
 
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Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties
1415 Mt Rushmore Rd
Rapid City SD, 57701