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1900 N Last Chance Gulch, Helena

Other-See Remarks, MT 59601
  • $1,395,000
  • STATUS: Active
  • ON SITE: 441 Days
  • MLS #: 338403
UPDATED: 105 min ago
$1,395,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,000
    SQFT
  • $116
    $/SQFT
Neighborhood:
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 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 5/20/2024.
www.searchbillingsrealestate.com/homes/137465109
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1900 N Last Chance Gulch, Helena Other-See Remarks, MT 59601

  • Price: $1,395,000
  • Status: Active
  • On Site: 441 Days
  • Updated: 105 min ago
  • MLS #: 338403
0
Beds
0
Baths
0
½ Baths
0.28
Acres
12,000
SQFT
$116
$/SQFT
1949
Built
Neighborhood:
Grand Ave Add Amd
County:
Lewis And Clark
Area:
(99) All Other Areas/See Remarks
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

Alley YN 1 Building Type Mixed Built Info Established Construction Siding Frame Land Sq Ft 12196 Road Frontage 300 Road Surface Asphalt Roof Membrane

Interior Features

Ceiling Height 10 Heating Gas Forced AirOther Number Of Levels 2 Office Sq Ft 12000 Shop Or Warehouse Sq Ft 0

Property Features

Annual SID 0 Cooling Other Disclosure Not on File Finance Type CashConventionalNew Loan Gross Annual Income 150600 Leased YN Yes Net Income 94252 Possession At Completion Property Sub Type Office Sales Includes Building Sewer City Total Taxes 16183 Type Of Business mixed Water Yes Zone Community Commercial

Listing information © 2024 Billings Association of Realtors MLS
Listing courtesy of Jason Mascari of Montana Land Buyer Realty: 406-308-5322
© 2024 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 5/20/2024.
 
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