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1108 W Cedar St
Beresford, SD 57004
Starlite Plaza · Retail Property For Sale
Investment Highlights
- Ideal for both investors and owner-users, with the vacant anchor space offering immediate leasing potential.
- Significant upside through the former Family Dollar vacancy, multiple month-to-month tenants, and the ability to increase occupancy
- Strategically positioned at the interchange of I-29 and Highway 46, providing excellent visibility, easy accessibility..
- Anchored by Subway, alongside a diverse mix of local service-oriented businesses including Carlson's Heating & Cooling Etc.
- Acquire a 22,050 SF shopping center built in 2004 at an attractive basis, well below replacement cost, providing long-term value for investors.
- The property serves an affluent trade area with an average household income of ~$92,000 within a 5-mile radius, supporting long-term demand.
Executive Summary
We are pleased to exclusively offer for sale or for lease the 22,050 SF Starlite Plaza, located at 1108 W Cedar Street in Beresford, SD. The property presents a compelling value-add opportunity, with significant upside through the former Family Dollar vacancy, multiple month-to-month tenants, and the potential to increase occupancy and optimize rental rates. This combination provides investors with multiple avenues to enhance cash flow and unlock additional value over time, making Starlite Plaza an attractive investment opportunity.
In Cooperation With ParaSell, Inc. , A Licensed South Dakota Broker – Lic. #SD #15266 BoR: Scott Reid – Lic. SD #18503
In Cooperation With ParaSell, Inc. , A Licensed South Dakota Broker – Lic. #SD #15266 BoR: Scott Reid – Lic. SD #18503
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
22,050 SF
Building Class
C
Year Built/Renovated
2004/2021
NOI
$54,954 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.70 AC
Zoning
C
Parking
64 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
203’ on West Cedar Street
Amenities
- Restaurant
- Storage Space
Property Taxes
| Parcel Number | 260.50.31.005 | Improvements Assessment | $1,558,944 CAD |
| Land Assessment | $158,788 CAD | Total Assessment | $1,717,732 CAD |
Property Taxes
Parcel Number
260.50.31.005
Land Assessment
$158,788 CAD
Improvements Assessment
$1,558,944 CAD
Total Assessment
$1,717,732 CAD
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