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    1962 Mt Highway 28 Hot Springs, MT 59845

    Sponsored
    For Sale
    $495,000

    Montana Highway 28 Commercial Property

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, situated on a generous 4.863-acre lot (211,832 sq ft) at 1962 Mt Highway 28 in Hot Springs, Montana, presents a compelling investment opportunity. Currently operating as a restaurant and bar, the property boasts existing structures in excellent condition, offering endless possibilities for redevelopment. The property features significant Highway 28 frontage with multiple convenient access points. A high-capacity artesian well and commercial septic system are already in place, eliminating significant infrastructure costs. The flat, usable land offers potential for expansion, with the possibility of acquiring additional acreage. Located just one mile from a lighted city airport and two miles from the renowned Hot Springs of Montana, this property benefits from a prime location in a charming, established town. The 1997-built structures provide a solid foundation for a variety of uses, from residential conversion to continued commercial operation. The sellers are open to exploring creative financing options or joint ventures, making this an attractive proposition for a wide range of investors. The property's zip code is 59845, and its coordinates are 47.6180173 latitude and -114.6249692 longitude, within Sanders County. This is a rare chance to acquire a substantial property with significant upside potential in a desirable Montana location.

    Property Features for 1962 Mt Highway 28

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1997

    HighLights

    • $495,000 asking price.
    • Mixed‑use property built in 1997.
    • 4.86 acres (211,832 sq ft) lot.
    • Located at 1962 Mt Highway 28, Hot Springs, MT 59845.
    • Currently operating as a restaurant and bar.
    • Excellent condition; features artesian well and commercial septic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Building Supply Dental Office Convenience Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Sanders
    State
    Montana
    Longitude
    -114.6249692
    Latitude
    47.6180173

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    FAQs

    What type of property is this?
    Mixed-use property - Montana Highway 28 Commercial Property
    Where is this mixed-use property located?
    The property is located at 1962 Mt Highway 28 Hot Springs, MT.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price.; Mixed-use property built in 1997.; 4.86 acres (211,832 sq ft) lot.
    Request Owner's contact information
    1962 Mt Highway 28 Hot Springs, MT 59845
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    Hot Springs, MT 59845
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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
    1962 Mt Highway 28 Hot Springs, MT 59845
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