Helena, Montana
Type: Real Estate Investment
Size: 11,844 sqft. | .28 acres
- Full description below -
Helena, Montana
🏙️ Prime Commercial Investment Opportunity! 💼
💼 Investment Highlights:
- High Traffic Count Location
- 12 Diverse Units Ready for Business
- Dispensary Tenant with Financing Option
- Solid 6% Cap Rate Investment
- Close Proximity to Campus and Downtown
- Well-Maintained Building with Mountain Views
🏢 Executive Summary: Unveil the potential of a versatile 12-unit commercial building in the heart of Helena. Designed to cater to various business types, this property offers an exciting investment prospect. The units come in varying sizes, accommodating a range of businesses. The current mix includes a dispensary, commercial kitchen, professional photographer, salon, and tattoo parlor. Some units are already leased with long-term tenants, while others stand ready for fresh endeavors. This well-maintained building has been managed by the current owner, who is actively filling vacancies to maximize returns.
🏢 Property Overview: Situated on a corner lot, this 11,844-square-foot building boasts a two-story structure that has been thoughtfully renovated in 2021. The location benefits from a high traffic count and offers stunning mountain views. The property's zoning, classified as B-2 (general commercial) by the city of Helena, allows for an array of commercial and service uses. The rich diversity of tenants ensures a vibrant environment.
💰 Financial Snapshot:
- Price: $1,570,000
- Price Per SF: $133
- Cap Rate: 6%
- Net Operating Income (NOI): $94,200
- Percent Leased: 100%
🏢 Investment Appeal: This investment presents an enticing proposition with an attractive 6% cap rate. The diversified tenant mix, including a dispensary tenant, contributes to a stable and potentially lucrative income stream. Additionally, a bank is open to financing options with the dispensary tenant in place, offering a unique opportunity for the next owner. The property's location close to the campus and downtown area further enhances its appeal, ensuring a consistent flow of potential customers.
📞 Contact and Information: For more details or to explore this investment opportunity, reach out to the listing agent. Discover the potential of this well-positioned commercial property in Helena, where high traffic, mountain views, and diverse tenants converge for an exciting and promising investment journey. 🏙️🏢
Offered exclusively by Owner or Licensed Agent/Broker
Listing # 10623