Business Overview:
This property was originally built as a motel in 1903. It is a unique sandstone building in downtown Whitewood, SD a small but vibrant community in the northern Black Hills of SD. There are currently 6 residential apartments and 4 commercial rentals. One commercial rental space was recently remodeled and operated as The Hub Coffee Shop. There is lots of potential for this property. Please call for all the details.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The building is on the corner of Meade & Laurel streets, the busiest intersection in town. The town is growing and the need for consumer services is increasing. There have been many recent improvements to the building and it is on the state Historic Register.
Market Competition and Expansion:
Whitewood is located about 35 miles from Rapid City, 7 miles to Sturgis - home of the largest annual motorcycle rally in the world, 15 minutes to Spearfish, the Queen City of the Black Hills at the mouth of Spearfish Canyon, and 15 minutes to Deadwood, the historic gold mining and gambling town of the 1800's. There are many outdoor recreational activities within minutes of this location such as fly fishing, All Terrain Vehicle trails, snowmobiling trails, skiing, elk, antelope, turkey, deer and mountain lion hunting and more.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: