Located at 101 North Broadway in Watertown, SD, this short-term multifamily property presents an appealing opportunity for an investor seeking a flexible lodging asset with strong operational potential. The building offers a functional layout designed to support guest accommodations, back-of-house efficiency, and day-to-day hospitality operations. Its prominent street-facing presence and established commercial setting create a strong foundation for repositioning, renovation, or continued hospitality use. Most rooms have been renovated with only about 8 left and restaurant is ready for new tenants.

Highlights:
• Hospitality property at 101 North Broadway
• Suitable for investor or owner-user acquisition
• Flexible layout for lodging operations
• Potential for renovation or repositioning
• Street-facing commercial presence
• Designed for guest service functionality
• Opportunity to modernize interior finishes
• Supports branded or independent hotel concepts
• Strong candidate for value-add strategy
• Commercially zoned hospitality asset
• Potential for operational efficiency improvements