103 5Th Street Ne

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103 5Th Street Ne

watertown, SD 57201
Asking Price
$1.75M
Asset Type
Retail
Class
Class B

What's Special

103 5th Street NE is situated in the central business district of Watertown, South Dakota. The property occupies a corner position within a walkable professional neighborhood characterized by a mix of local service providers, government offices, and small-scale retailers. It is located one block from the primary thoroughfare of Kemp Avenue, providing proximity to local banks, the post office, and regional dining options. The site is accessible via Highway 212 and Highway 81, two major transportation corridors serving the Glacial Lakes region. The building is suited for boutique retail, specialty shops, or customer-facing service businesses. Given its location in a high-foot-traffic commercial zone, the asset fits tenant profiles seeking visible storefront space with administrative or storage capacity. It is appropriate for businesses that benefit from being near established professional firms and regional government centers. The layout supports operations requiring a balance of merchant floor space and back-office functionality within a mature urban trade area.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

Location & Travel Times