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COMMERCIAL REAL ESTATE AUCTION
Thursday, October 29, 2020 - 11:00 AM (CT)
Auction Location: Watertown, SD
 

Auction Site: 621 - 5th Street SE – Watertown, SD (Corner of Hwy 212 & 81)

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LEGAL DESCRIPTION
S29’ Lot 4 LY W LINE PARALLEL with & 37’ W of E LINE Lot 4 & ALL Lots 5-7 & Lots 9-10 & Lots 12-13 & Lot 11 LESS….BLK 74 2nd RAILWAY ADDITION, City of Watertown, Codington County, South Dakota

* Commercial Real Estate Opportunity *
An opportunity to own a business in Watertown. The former Drake Motor Inn sits on US Hwy 81 one block north of the high-traffic intersection of Hwy 212/81. This property has it all…
- The motel has 25+ guest rooms, many of which are currently being leased out, offering the new buyer an income stream upon possession.
- Banquet Hall
- Restaurant & Bar Area w/ a lottery room
- Full service kitchen.
- The interior has had many updates, including lighting, floor coverings & room furnishings. The restaurant has also had updates including tables, chairs & booths.
- 2020 RE Taxes were $6838.40

Terms: 10% Non-refundable earnest money down-payment day of sale; balance due at closing in 30 days or less; No exceptions or buyer contingencies of any kind – have financial arrangements secured prior to bidding. Title Insurance & closing agent fees will be split 50/50 between Buyer & Seller. Seller not responsible for any Lender’s Policy. Closing Agent: First Dakota Title - Watertown, SD. Property is sold subject to easements, reservations, restrictions, & highways of record, if any. Auctioneers are Real Estate Licensees acting as agents for the sellers in this transaction. Any & all information is deemed to be true, but not guaranteed. Announcements made sale day take precedence over all written materials.

For Informational Packet Contact Auctioneers or Brokers

 
Owner: RAW PROPERTIES, LLC

Managed & Conducted by:
Owen Auction Service - RE #304 - Randy Owen, 676 North Lake Drive Watertown, SD 57201
E-mail: owenauctions@iw.net  Phone: 605-886-5947 - Cell phone 881-5377  
Web Site: http://www.berghandowenauctions.com
Bergh Auction Service - RE #266 - Mike Bergh, 44115 - 155th Street Florence, SD 57235
E-mail: berghauctionservice@itctel.com  Phone: Home 605-758-2456/Cell 605-881-1652  
Web Site: http://www.berghandowenauctions.com

Call today to schedule your showing:
RANDY OWEN - SDRE #304 • Owen Auction Service • 605-881-5377
MIKE BERGH - SDRE #266 • Bergh Auction Service • 605-881-1652
DAVID KNEIP - SDRE#4540 • Best Choice Real Estate • 605-691-9200
KYLE LALIM – SDRE #13169 • Haugan Nelson Realty • 605-868-2844


Copyright © 2004 by Owen Auction Service - RE #304 - Randy Owen

Please visit our friends at www.sdauctions.net.

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