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    513 Central Ave Great Falls, MT 59401

    For Sale
    $499,999

    Prime Location, High Potential, 7,492 sq ft Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 513 Central Avenue in Great Falls, Montana, presents a unique investment opportunity. Built in 1926, the building sits on a substantial 7,492 square foot lot and offers significant potential for redevelopment. The asking price is $499,999. Currently configured as a mixed-use space, the property's existing structure provides ample room for creative vision. The building's design allows for expansion, with engineering plans supporting the addition of a second floor. This presents a multitude of possibilities for expansion and increased revenue streams. Imagine a rooftop business complementing a ground-floor establishment, or perhaps a restaurant with a unique basement feature. The possibilities are numerous and depend on the buyer's vision and the city's permitting process. The property is situated in a rapidly developing downtown area, poised for significant growth. Prospective buyers are responsible for conducting their own due diligence to determine permitted uses and development options with the city of Great Falls. This property offers a rare chance to establish a thriving business in a vibrant and up-and-coming Montana city. The zip code is 59401.

    Property Features for 513 Central Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1926
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Loan Till Payday ... Loan Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.298191
    Latitude
    47.505598

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High Potential, 7,492 sq ft Lot
    Where is this mixed-use property located?
    The property is located at 513 Central Ave Great Falls, MT.
    What is the asking price?
    The asking price for this property is $499,999.
    (406) 899-8140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 Central Ave Great Falls, MT 59401
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