855 N 5th St., Custer, SD

Motel for Sale - $6,500,000 - 31,167 Sq. Ft. on 5.5 acres


Agent Info

David Kahler
Keller Williams Realty Black Hills

Property Info

CIMLS#1097373
Location
  855 N 5th St.
  Custer SD 57730
UpdatedJuly 15th, 2021
TypeMotel
Price$6,500,000
Building31,167 Sq. Ft.
Land5.5 acres

Contact


Property Description

Listed by Jeremy Kahler, KWBH, 605-381-7500. RARE opportunity to own a top-rated, turn-key hotel in Custer SD! *The Bavarian Inn, Black Hills is a popular destination for guests of the area with proximity to Mt. Rushmore, Crazy Horse National Memorial and all the area has to offer *This full-service property consists of 64 rooms, has a dedicated restaurant, coffee shop and guests-only amenities, all on5.5 private acres *Established in 1973 and open 7 days a week from April-November, this property is excellently ranked across all platforms and performs at the top of the market in Occupancy, ADR and RevPar *Sparing no expense, the current owners have poured over $2 million into renovating the property, including: mechanical systems, HVAC units, electrical updates, substantial plumbing updates, building exteriors and decking, top to bottom room updates, furniture and room amenities, extensive landscaping, all new linens, commercial laundry facilities, 2 Tesla charging stations and more *Other on site amenities include: a covered pool and hot tub area, fenced outdoor pool and tennis court, numerous outdoor patios, and an onsite manager's quarters (with 3,000sqft, 3 bedrooms and 2 bathrooms, a full kitchen, private laundry and lofted balcony and private interior access to the ground level office space) *Combining upscale design with a welcoming atmosphere, the lobby and guest services space have been updated with new flooring, cabinets, furniture, electronics and an expanded employee workspace *The Feel Good Café was added to the accommodations in 2018 and is walking distance from the guest rooms, open daily from 6-11am and provides an upscale dining experience for guests *Continuously updated since its' purchase, this venue has over $300,000 in updates, including: a remodeled upper level, 2 new bathrooms, updated electrical, new interior and exterior lighting, Unifi wifi system, virtual 'Toast' POS system, a full service coffee shop addition, countless kitchen updates and updated landscaping *Served in a large dining room with beautiful views, the full service menu is prepared in a top of the line kitchen, including: a 10 burner gas cooktop, a TurboChef Bullet, convection oven, 2 hood vents, a walk-in Widman cooler, dry storage space, commercial dishwasher and Ansul System *The in house coffee shop has new gourmet pastry display cases, large barista station with Rancilio Classe 5 espresso machine and a large seating area *Restaurant also has a partially finished walkout basement with added bathrooms, utilities and endless possibilities to customize as you wish! Prime business location, fantastically updated properties and an established and systematized business model- NOW is the time to capitalize on this amazing business opportunity-call today.


Financials

available with signed NDA