Turnkey Restaurant Business and
1101 Central Avenue, Great Falls, MT 59401
Successful restaurant business and building for sale in Great Falls.
Type:Commercial/Industrial
Property size:
3,609 SFLot size:
0.34 AcresPrice / SF:
$163/SF- Added:
- Sep 4, 2024
- Days on Market:
- 626
- Last Refresh:
- May 19 at 10:24 pm
Property Features for 1101 Central Avenue
General Information
- Standard status
- Active
- Size
- 3,609 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1962
Listing agent Travis Manus License #RRE-BRO-LIC-11828 (406) 453-5565
Listing office Century 21 Northwest Realty MT (406) 453-5565
Listing date Sep 4, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Northwest Realty MT
HighLights
- Turnkey Korean Cup Bop business and building being sold together.
- Owner willing to stay on to train new buyer.
- High‑visibility Central Ave. location near growing downtown.
- Approximately 22 off‑street parking spaces.
- Drive‑through window.
- Lots of indoor and outdoor seating with growth potential.
Overview
A successful and popular turnkey restaurant business, described as "Korean Cup Bop," is available for purchase along with the building. The owner is willing to stay on to provide training. This represents an opportunity to invest in a business located close to the growing downtown area of Great Falls. The property features a visible location on Central Avenue and includes approximately 22 off-street parking spaces. It also has a drive-through window and offers both indoor and outdoor seating. The building size is 3609 square feet. The property has potential for business growth.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$546.3K
NOI $49,165 @ 9.00% cap · cautious / downside scenario
Moderate
$702.4K
NOI $49,165 @ 7.00% cap · market / base-case scenario
Aggressive
$983.3K
NOI $49,165 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $18.96 |
| − Vacancy | −$2.9k | −$0.80 |
| EGI | $65.6k | $18.16 |
| − OpEx | −$16.4k | −$4.54 |
| NOI | $49.2k | $13.62 |
3,609 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$702.4K
$614.6K – $819.4K
NOI $49,165 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Alberta Motel
Hotel & Motel
Korean Cup Bop
Korean Barbecue Restaurant
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.288
- Latitude
- 47.5056
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Successful restaurant business and building for sale in Great Falls.
Where is this conventional restaurant located?
The property is located at 1101 Central Avenue Great Falls, MT.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Turnkey Korean Cup Bop business and building being sold together.; Owner willing to stay on to train new buyer.; High‑visibility Central Ave. location near growing downtown.
