23858 Highway 385

23858 Highway 385 , Hill City, South Dakota, 57745 | 4,960 sq.f | $ 899,000

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About This Restaurant

Investment Highlights

Executive Summary

Restaurant building was completely remodeled in 2018 and now stands as a prime destination for those seeking a memorable entertainment experience in the heart of the Black Hills, right outside of Hill City. Centrally located close to most top attractions in the Black Hills and adjacent to the Firehouse Campground & Cabins, this property offers convenience and charm. A standout feature is the large central bar, ideal for tap house or wine focus. The turn-key kitchen is equipped with hood, 6 burner stove, flat top, double ovens, and well designed prep space. Also included in the sale is a cool, approx. 77 SF. The parking lot offers 35 parking spots. Open seasonally, the location has consistently generated $800,000+ in gross sales. A successful track record and a prime location, this property presents a unique opportunity for investors looking to make their mark in the thriving restaurant and bar scene of the Black Hills. This building is being offered as the real estate only.This building is being offered as the real estate only, business not included. Legal Description: SPRING CREEK PALISADES; LOT 9 Township 1 South, Range 5 East, Section 21

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    Build to Suit
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Bar General Retail Freestanding Restaurant
  • Building Size    4,960
  • Building Class    C
  • Year Built    2018
  • Price    899,000
  • Price Per SF    181
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.07
  • Land Acres    1.62 AC

Amenities

  • Restaurant

Property Taxes

Parcel Number 0009115 Improvements Assessment $141,100
Land Assessment $275,300 Total Assessment $416,400
Date Created: 2024-07-16 04:23:37 Last Updated: 2024-07-16 04:23:37
Address: 23858 Highway 385 , Hill City, South Dakota, 57745