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- LoopNet Team
1002-1030 14th St SE
Watertown, SD 57201
East Gate Plaza · Property For Lease
Highlights
- Physical condition, appearance and location.
Property Facts
| Property Type | Retail | Year Built/Renovated | 1983/2020 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 4.18/1,000 SF |
| Gross Leasable Area | 13,862 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 13,862 SF |
| Year Built/Renovated | 1983/2020 |
| Parking Ratio | 4.18/1,000 SF |
About the Property
Multi-tenant strip housing office, service and retail businesses. In the last three years the property has received new doors, new windows, new 20-year membrane roof, new parapet front, new sign cabinets, new metal siding on both ends, and new stucco treatment on front parapet wall. This asset is located across the street from the city's largest grocery retailer, Hy-Vee, which creates a huge amount of vehicular traffic and visual identity. A proven income generator, this property has a mix of month-to-month and fixed-term leases giving ownership liquidity and security at the same time. This is an investment that will reward it's new owner with a very competitive return. Present ownership is moving from the area and desires to liquidate his portfolio and retire. All HVAC units have received twice yearly maintenance inspections for the last 15 years.
- Corner Lot
- Signage
- Tenant Controlled HVAC
