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1900 N Last Chance Gulch

Helena, MT 59601
  • $1,395,000
  • STATUS: Active
  • ON SITE: 447 Days
  • MLS #: 380553
UPDATED: 111 min ago
$1,395,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,712
    SQFT
  • $119
    $/SQFT
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Description

12 unit commercial building with varying unit sizes to accommodate different types of businesses. Long term tenants with only 2 units vacant. Filling the remaining 2 units will increase return on this investment to nearly 10% cap rate with a current cap rate of 7.95%. Current owner has maintained the building nicely for several years and is filling the current vacancies. One tenant is a dispensary, but we have a bank willing to look at financing the next owner with dispensary tenant in place. Other tenants include: commercial kitchen, professional photographer, salon. The B-2 (general commercial) district provides for compatible residential uses and a broad range of commercial and service uses that serve large areas of the City and that are normally required to sustain a community. High traffic count with mountain views. Close to campus and downtown

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© 2024 Big Sky Country MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gallatin Realty Group. Data last updated: 2024-05-21T13:52:09.173.
www.gallatinrealtygroup.com/homes/137322423
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1900 N Last Chance Gulch Helena, MT 59601

  • Price: $1,395,000
  • Status: Active
  • On Site: 447 Days
  • Updated: 111 min ago
  • MLS #: 380553
0
Beds
0
Baths
0
½ Baths
0.28
Acres
11,712
SQFT
$119
$/SQFT
1949
Built
Neighborhood:
12M - Other Montana Counties
County:
Lewis And Clark
Area:
12M - Other Montana Counties
Property Description
12 unit commercial building with varying unit sizes to accommodate different types of businesses. Long term tenants with only 2 units vacant. Filling the remaining 2 units will increase return on this investment to nearly 10% cap rate with a current cap rate of 7.95%. Current owner has maintained the building nicely for several years and is filling the current vacancies. One tenant is a dispensary, but we have a bank willing to look at financing the next owner with dispensary tenant in place. Other tenants include: commercial kitchen, professional photographer, salon. The B-2 (general commercial) district provides for compatible residential uses and a broad range of commercial and service uses that serve large areas of the City and that are normally required to sustain a community. High traffic count with mountain views. Close to campus and downtown
Exterior Features

Parking Features Paved Road Frontage Type

Interior Features

Above Grade Finished Area 0 Building Area Total 11712 Heating Forced Air Heating YN Yes

Property Features

Additional Parcels Description GRAND AVE ADDN AMEND S19 T10 N R03 W BLOCK 18 LOT 7 - 8 PORTION OF LOT 9 LESS R / W LOT 6 LESS R / W Listing Terms Cash Owner May Carry Item3rd Party Financing Ownership Full Possession Closing Possible Use Office Retail Property Sub Type Additional Building Commercial Property Subtype Building Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 16183 Tax Year 2022 Utilities Electricity Available Natural Gas Available Sewer Available Water Available Water Source Public Zoning Description B2 - Community Business

Listing courtesy of Justin Joyner of Montana Land Buyer Realty: 406-308-5322. © 2024 Big Sky Country MLS. All rights reserved.


© 2024 Big Sky Country MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gallatin Realty Group. Data last updated: 2024-05-21T13:52:09.173.
 
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Gallatin Realty Group
PO Box 3105
Bozeman MT, 59772