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
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