Motel and Convenience
740 E Pike Avenue Columbus, MT 59019
For Sale
Under Contract
$1,390,000
COMMERCIAL - Columbus, MT
Property Size9,950 SF
Lot Size1.07 Acres
Price / SF$139.70
Days on Market51
Property Features for 740 E Pike Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
40
Standard status
Active Under Contract
APN
30624
Size
9,950 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Description
LAVELLE ADD (COLUMBUS), S27, T02 S, R20 E, BLOCK 003, Lot 1-4, LOTS 1-4 BLOCK 3 and BLOCK 3, Lot B, 265274 TR B COS 265274 BLK 3
Tax Annual Amount
9000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Natural Gas, Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1922
Floors in Building
1
Building materials
Block
Roof type
Shingle, Membrane
Listing Agency:
Parks Real Estate
(406) 322-4115
Listed By:
Joyce Kelley · License #RRE-BRO-LIC-6644
(406) 780-1371
Added: Jun 9
Changed: Jul 28
Last Checked: Jul 29 at 9:06AM
MLS# 356383
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.
Git’s Towne Centre is a mixed hospitality and retail investment property featuring a Big Sky Motel with 20 units. Built in 1963, the motel offers classic drive-up room configurations. The site also includes a Conoco station/convenience store and an on-site laundromat located behind the store.
The property is located at 740 E Pike Avenue in Columbus, Montana, on a Main Street location. The convenience store is described as an anchor business, and there is an adjoining vacant space that could support future expansion.
The offering combines multiple revenue-generating components, with the motel units plus the C-store and laundromat all situated on approximately 1.07 acres. The gas station operation is referenced as ongoing since 1922, contributing to the overall visibility of the site.
The property is located at 740 E Pike Avenue in Columbus, Montana, on a Main Street location. The convenience store is described as an anchor business, and there is an adjoining vacant space that could support future expansion.
The offering combines multiple revenue-generating components, with the motel units plus the C-store and laundromat all situated on approximately 1.07 acres. The gas station operation is referenced as ongoing since 1922, contributing to the overall visibility of the site.
Key Highlights
- Git's Towne Centre on 1 acre along Main Street in Columbus, MT
- Includes a 20‑unit motel with classic drive‑up rooms
- Gas station/C‑store operating since 1922, with adjoining vacant space for expansion
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 | $161.2k | $16.20 |
| − Vacancy | −$3.2k | −$0.32 |
| EGI | $158.0k | $15.88 |
| − OpEx | −$39.5k | −$3.97 |
| NOI | $118.5k | $11.91 |
9,950 SF · lease $16.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,475 @ 7.0% cap · market cap 8.52%
Second Best
Retail
$1.46M
$1.27M – $1.70M
NOI $101,863 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,972 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- 307 Bar & Grill — 842 E Pike Ave, Columbus, MT 59019
- Lucky Lil's Casino — 602 E 8th Ave, Columbus, MT 59019
- Wild Card LLC — 444 N 9th St, Columbus, MT 59019
- Cozy Angler's Apt — 431 Quarry St, Columbus, MT 59019
- Super 8 by Wyndham Columbus — 602 E 8th Ave North, Columbus, MT 59019
Frequently Asked Questions
What type of property is this?
Motel - Investment property with a 20-unit motel, Conoco C-store and laundromat on a 1-acre site along Main Street.
Where is this motel located?
The property is located at 740 E Pike Avenue Columbus, MT.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Git's Towne Centre on 1 acre along Main Street in Columbus, MT; Includes a 20‑unit motel with classic drive‑up rooms; Gas station/C‑store operating since 1922, with adjoining vacant space for expansion
