Junction City Saloon For
510 2nd Avenue, Custer, MT 59024
Profitable Montana saloon with motel and multiple income streams.
Type:Special Purpose
Property size:
2,119 SFPrice / SF:
$186/SF- Added:
- Dec 2, 2020
- Days on Market:
- 2042
- Last Refresh:
- May 19 at 9:11 pm
Property Features for 510 2nd Avenue
General Information
- Standard status
- Active
- Size
- 2,119 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1983
Listing office CENTURY 21 ML Properties
Listing date Dec 2, 2020
Source Crexi
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 ML Properties
HighLights
- Multiple Income Streams: Bar, restaurant, gaming, and motel income provide diverse revenue opportunities.
- Includes valuable Full Liquor & Gaming License for full liquor service and gaming operations.
- Prime Location: Situated on I94 exit 47 in Custer, Montana, attracting tourists, truckers, and locals.
- Established Business: The Junction City Saloon has a great market presence and excellent reputation.
- FFE Included: Sale includes all Furniture, Fixtures, and Equipment, facilitating a smooth transition.
- Motel Component: Features a motel with 3 rentable rooms (new in 2015), plus an owner's suite/office.
Overview
The Junction City Saloon is located on I94 at exit 47 in Custer, Montana. The business benefits from a market presence, a reputation, and a friendly atmosphere. The sale includes a full liquor and gaming license, and all furniture, fixtures, and equipment. The business has 5 income sources: bar, restaurant, gaming, and motel income, with the opportunity to serve liquor at events in Yellowstone County. The customer base includes locals, bikers, hunters, fishermen, tourists, and truckers. The property features 3 gaming machines, a Montana lottery machine and Montana Sports betting, an ATM, a pool table, a jukebox, a dart board, and 2 patios (smoking and nonsmoking). The motel, built in 2015, has 3 rooms, along with a 4th room that is used by the owner as an office and as a place to stay over. The property size is 2119 square feet.
Local 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 | $42.5k | $20.04 |
| − Vacancy | −$1.1k | −$0.50 |
| EGI | $41.4k | $19.54 |
| − OpEx | −$10.4k | −$4.88 |
| NOI | $31.1k | $14.65 |
2,119 SF · lease $20.04/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$443.6K
$388.2K – $517.5K
NOI $31,052 @ 7.0% cap · market cap 7.86%
Second Best
Hotel Hospitality
$189.8K
$166.1K – $221.4K
NOI $13,286 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$460.3K
$402.8K – $537.0K
NOI $32,222 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Junction City Saloon ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Custer
- County
- Yellowstone
- State
- Montana
- Longitude
- -107.5534345
- Latitude
- 46.1290118
FAQs
What type of property is this?
Bar & Pub - Profitable Montana saloon with motel and multiple income streams.
Where is this bar & pub located?
The property is located at 510 2nd Avenue Custer, MT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Multiple Income Streams: Bar, restaurant, gaming, and motel income provide diverse revenue opportunities.; Includes valuable Full Liquor & Gaming License for full liquor service and gaming operations.; Prime Location: Situated on I94 exit 47 in Custer, Montana, attracting tourists, truckers, and locals.
