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North Cliff Plaza & Storage Units | Redevelopment Investment
4914 - 4932 N. Cliff Avenue, Sioux Falls, SD 57104
Map ViewSatellite ViewRetail and Redevelopment Opportunity
Sale Price
$2,800,000
Total Rentable Size
18,168 SF +/-
Strip Mall Size
13,320 SF +/-
Detached Storage Units Size
4,848 SF +/-
Parcel Size
1.51 Acres +/-
Location Highlights
Positioned along North Cliff Avenue near the I-90 interchange, the property offers strong visibility and convenient access within north Sioux Falls. The surrounding corridor includes a mix of national retailers, restaurants, hotels and service businesses, with nearby employment and institutional anchors including the Sanford Research Center, Sanford Business Center and City of Sioux Falls Public Safety Campus. Its location also provides easy connectivity to downtown Sioux Falls, Brandon and other major areas of the metro, while continued growth and investment in north and northeast Sioux Falls support the area’s long-term commercial potential.
Description
- North Cliff Avenue redevelopment and investment opportunity
- Multiple revenue streams from retail tenants and storage units
- 3,840 SF retail suite available for immediate use or owner occupancy
- Three existing retail tenants providing in-place income
- Retail center is 71.2% occupied, or 3 of 4 suites
- Storage units are 85% occupied, or 17 of 20 units
- Current annual NOI of $138,162
- 5.00% pro forma cap rate based on the $2,800,000 asking price
- C-2 zoning provides flexibility for a variety of commercial uses today while supporting future redevelopment opportunities
- Prime Cliff Avenue frontage, which carries a growing 17,200 VPD
- Positioned in a growing north Sioux Falls corridor with continued demand for retail, service and redevelopment opportunities
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