Mckennas Gold Casino And Rental Properties

Listing ID: 700132567

Listing Title: Mckennas Gold Casino And Rental Properties

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Industry: Entertainment and Leisure

Industry Segment: Casinos

Country: United States

State / Province: South Dakota


City: Deadwood

Asking Price Range: $2.5M - $5.0M

Gross Revenues: $510,000

Cash Flow: $510,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1990

Number of Employees: 1 - 3

Business Description:
Located in the Black Hills of South Dakota, not far from the Wyoming border, is this amazing property that needs to be sold right now! This property is located on the main road into Deadwood, South Dakota and is approx. one block from where main street splits off the main four lane highway through Deadwood. Located only 15 miles from the annual Sturgis Motorcycle Rally where some 500,000 bikers congregate every year, not to mention being a gateway into the northern Black Hills and near Mt.Rushmore, Deadwood's place as an entertainment mecca for the area continues to rise every year. With legalized gambling since 1989, Deadwood has become a regional center for entertainment and conventions. With a high advertising budget and strong commerical investment, Deadwood is increasing in traffic each year. Every vehicle that goes through Deadwood passes by this property. 470 Main St: This building is 3,500 sq. ft on the ground floor under lease to McKenna's Gold Casino with 3,500 sq. ft. of offices on the second floor. The building is cinder block with reveal siding and was constructed to be able to add a third floor. The attached garage is 900 sq. ft. high cube cinder block and is leased to the Chase Casino. Both buildings have been remodeled in the last 15 years. 460 Main St: This building is 3,500 sq. ft. one floor cinder block under least to First Western Insurance company. 1, 3, & 5 Burnham St: These are three small wood frame cabins. Lots 1, 2, 3, 4, & 5 in Block C of Fargo's Addition are empty lots with no buildings. Current income is $450K Gross. Additional rental income of $64,000. Asking $3,200,000 Price already reduced from 4.3. Priced for quick sale. Serious inquiries only please. Email or call (605)550-0197 for more information on this casino business for sale.

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