For Sale

Doug's Anchor Marine

1560 South Dakota 20 | Watertown, SD 57201, US

price$2,700,000
property typeCommercial Sale
year built1953

highlights

•Established Business – Long-standing marine and outdoor retail/service operation with strong name recognition in the region.
•Multi-Income Opportunity – Includes building, business operations, and additional revenue from rental storage garages.
•Secure Storage – Fenced, gated, and locked back area with rental garages providing consistent income and tenant demand.
•Prime Location – Conveniently located in Watertown, SD, with easy access for customers and storage tenants.
•Value-Add Potential – Opportunities to expand services, increase storage rental rates, or develop additional units.
•Turnkey Offering – Business, building, and storage all included in one package for a smooth ownership transition.

property
details

STATUSActive
SALE PRICE PER UNIT$2,700,000
YEAR BUILT1953
PROPERTY TYPECommercial Sale
BUILDING SIZE12,000 SF
LOT SIZE3.35 acres
SALE PRICE$2,700,000
OCCUPANCY %100%
ZONINGCommercial
DAYS ON MARKET328

property
description

Doug’s Anchor Marine – Business & Real Estate for Sale Watertown, South Dakota Take advantage of this rare opportunity to acquire a well-established marine business along with the associated real estate in Watertown, SD. Doug’s Anchor Marine offers a turnkey operation paired with a functional commercial building and additional income-producing storage units — creating multiple revenue streams under one investment. The property features a secure, locked, and fenced-in yard at the rear, ideal for boat storage, vehicle storage, trailers, and equipment. In addition, on-site rental garages provide dependable supplemental income and strong demand for secure storage solutions in the area. Doug’s Anchor Marine has served the region’s boating and outdoor community, benefiting from Watertown’s proximity to Lake Kampeska and surrounding recreational waters. The combination of retail/service operations and rental storage creates a diversified income model with room for future growth and operational expansion. Inventory is not included in the sale price. However, the buyer has the option to purchase existing inventory at the seller’s cost at the time of closing, allowing flexibility in capital allocation and startup planning. Whether you are an owner-operator looking to step into a respected local business or an investor seeking real estate with built-in income streams, this opportunity offers security, functionality, and long-term potential.

location
description

1560 South Dakota 20 | Watertown, SD 57201, US

Located along South Dakota Highway 20, this property offers excellent visibility and easy accessibility in Watertown, SD. Positioned on a well-traveled route, it benefits from consistent traffic flow, making it convenient for both local customers and visitors from surrounding communities. The site provides close proximity to Watertown’s residential neighborhoods, retail centers, and service businesses, creating strong potential for customer draw. With highway frontage and ample access, this location is ideal for retail, service, or storage operations seeking a high-exposure setting in a growing community.

Todd Syhre

Todd Syhre

SD #20428
(605) 880-1575

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