Licensed Bar and
For Sale
$599,900
119 1st Street SW, Park City, MT 59063
COMMERCIAL - Park City, MT
Property Size1,428 SF
Price / SF$420.10
Days on Market224
Property Features for 119 1st Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business District
Subdivision
Park City Original Townsite
Lot features
Alley
Standard status
Active
APN
10122
Size
1,428 SF
Taxes and HOA fees
Tax Description
PARK CITY ORIGINAL TOWNSITE 016, S29, T02 S, R23 E, BLOCK 96, Lot 10, & E 4 FT LT 11
Tax Annual Amount
3200
Legal Description
PARK CITY ORIGINAL TOWNSITE 016, S29, T02 S, R23 E, BLOCK 96, Lot 10, & E 4 FT LT 11
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Well
Building Details
Year built
1940
Floors in Building
1
Listing Agency:
Beartooth Realty
(406) 850-1934
Listed By:
Leza Vargas · License #RRE-BRO-LIC-71415
(406) 850-1934
Added: Dec 19, 2025
Changed: Jun 5
Last Checked: Jul 31 at 6:06AM
MLS# 356912
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale neighborhood bar and restaurant includes a full liquor license and is set up for food and spirits service, with gaming as part of the established operation. The property comprises approximately 1,428 square feet and is being offered as an existing local watering hole.
The business is located in Park City, Montana, just off I-90 in Stillwater County. The listing notes Park City as a popular bedroom community outside Billings, and describes the opportunity as situated just outside Yellowstone County.
The tenant or buyer fit is straightforward for operators seeking a turn-key licensed concept in a small-town setting. With the liquor license already in place, the space supports continued bar and restaurant operations while allowing the next operator to build on the existing base. Prospective buyers should review any applicable requirements and limitations associated with the liquor license and future expansion plans tied to the property’s location just outside Yellowstone County.
The business is located in Park City, Montana, just off I-90 in Stillwater County. The listing notes Park City as a popular bedroom community outside Billings, and describes the opportunity as situated just outside Yellowstone County.
The tenant or buyer fit is straightforward for operators seeking a turn-key licensed concept in a small-town setting. With the liquor license already in place, the space supports continued bar and restaurant operations while allowing the next operator to build on the existing base. Prospective buyers should review any applicable requirements and limitations associated with the liquor license and future expansion plans tied to the property’s location just outside Yellowstone County.
Key Highlights
- Full liquor license included.
- Well‑established local business with gaming, spirits, and food.
- Located in Park City, a fast‑growing bedroom community near Billings.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $16.20 |
| − Vacancy | −$463 | −$0.32 |
| EGI | $22.7k | $15.88 |
| − OpEx | −$5.7k | −$3.97 |
| NOI | $17.0k | $11.91 |
1,428 SF · lease $16.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$242.9K
$212.5K – $283.4K
NOI $17,003 @ 7.0% cap · market cap 2.83%
Second Best
Retail
$208.8K
$182.7K – $243.7K
NOI $14,619 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$311.6K
$272.6K – $363.5K
NOI $21,811 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59063, MT
2,174
Population
861
Households
2.5
Avg Household Size
47
Median Age
29%
College-Educated
93%
High-School Grad
61.2 sq mi
ZIP Area
36
Density / Sq Mi
$90,417
Median Household Income
$44,917
Median Earnings
$1,107
Median Rent
$336,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Pop's Inn — 117 1st St SW, Park City, MT 59063
- Scotsman Bar And Cafe — 7 1st Ave SE, Park City, MT 59063
Frequently Asked Questions
What type of property is this?
Bar & Pub - For-sale licensed bar and restaurant featuring gaming, spirits, and local food with room to expand operations.
Where is this bar & pub located?
The property is located at 119 1st Street SW Park City, MT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Full liquor license included.; Well‑established local business with gaming, spirits, and food.; Located in Park City, a fast‑growing bedroom community near Billings.
