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503 1st Avenue N

Great Falls, MT 59401
  • $699,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 22115422
UPDATED: 43 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,526
    SQFT
  • $198
    $/SQFT
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Commercial investment opportunity in growing downtown Great Falls. Nearby ''Montana local'' shops, distilleries, restaurants, night life, salons and so much more. Possibility for a 1031 with this purchase or an option to locate your business in Unit 101 or additional income in the near future. The building is very well taken care of, elevator has been replaced in the last 5 years, and has multiple condo units above the commercial spaces. This offering includes two attached commercial condo units housing Fire Pizza as a great long term tenant and a separate additional condo unit that is rented out to Alluvion Healthcare. The cap rate changes to 8% with changes in some expenses for next year making for a good return on your money. Seller willing to sell units separately.Please call Audrey Lazzarini at 760-978-9580 to show or your real estate professional

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© 2021 Montana Regional MLS. 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 not guaranteed and should be independently verified. Data last updated: 2021-11-30T09:19:23.823.
www.montanalifere.com/homes/121913879
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503 1st Avenue N Great Falls, MT 59401

  • Price: $699,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 43 min ago
  • MLS #: 22115422
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,526
SQFT
$198
$/SQFT
1930
Built
County:
Cascade
Area:
Great Falls
Property Description
Commercial investment opportunity in growing downtown Great Falls. Nearby ''Montana local'' shops, distilleries, restaurants, night life, salons and so much more. Possibility for a 1031 with this purchase or an option to locate your business in Unit 101 or additional income in the near future. The building is very well taken care of, elevator has been replaced in the last 5 years, and has multiple condo units above the commercial spaces. This offering includes two attached commercial condo units housing Fire Pizza as a great long term tenant and a separate additional condo unit that is rented out to Alluvion Healthcare. The cap rate changes to 8% with changes in some expenses for next year making for a good return on your money. Seller willing to sell units separately.Please call Audrey Lazzarini at 760-978-9580 to show or your real estate professional
Exterior Features

Construction Brick Parking Information Street Parking Road Frontage City Street Road Surface Asphalt Stories One Waterfront None

Interior Features

Foundation Poured Concrete HVAC A/C Central AirElectric Forced Air

Property Features

Age Over 20 Years Bank Owned Or REO No Building Improvements Display WindowFire AlarmSprinkler SystemUltilities Separately Metered Business Name Fire Pizza/Alluvion Commercial Type Commercial Condition Excellent Covenant Call Listing Agent Gross Annual Income $50000 - $75000 Offering For Sale Building Present Use Food/BeverageOfficeStorage Short Sale No Street Additional Info Unit 101107& 109 Tax Year 2020 Taxes 9362.00 Terms Of Sale CashConventional Utilities City SewerCity WaterElectric Zoning Commercial

Listing provided courtesy of Audrey Lazzarini of Dustin Young And Company.


© 2021 Montana Regional MLS. 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 not guaranteed and should be independently verified. Data last updated: 2021-11-30T09:19:23.823.
 
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