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    120 2Nd St Hamilton, MT 59840

    Sponsored
    For Sale
    $744,000

    Historic Downtown Hamilton Mixed-Use Property

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property, the Roxy Building, presents a unique investment opportunity in Hamilton, Montana. Built in 1930 and situated on a 6,665 square foot lot at 120 N 2nd Street, this building offers a blend of commercial and residential income streams. The asking price is $744,000. The property's recent renovations include a remodeled residential apartment currently generating rental income. The ground floor currently houses an axe-throwing business, showcasing the building's adaptability. A large theater space in the rear offers significant potential for creative entrepreneurial ventures. The building's historic downtown location provides excellent visibility and access to local amenities. This is a chance to acquire a well-positioned, partially renovated property with immediate income potential and significant upside for future development. The property's mixed-use nature allows for diverse income streams and creative business opportunities. The existing tenants and rental income provide a solid foundation for a strong return on investment. This is an ideal opportunity for investors seeking a hands-on project with substantial potential for growth and profitability in a vibrant Montana town. The property's size and location make it an attractive investment for both seasoned and emerging investors. Further development and finishing touches will enhance the property's value and rental income.

    Property Features for 120 2Nd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1930

    HighLights

    • Exceptional mixed‑use investment opportunity in Hamilton, Montana.
    • 1930 building on a 6,665 sq ft lot at 120 N 2nd Street, asking $744,000.
    • Features a remodeled residential apartment generating rental income and a ground‑floor axe‑throwing business.
    • Includes a large rear theater space with high development potential.
    • Prime downtown location with excellent visibility and access to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Ravalli
    State
    Montana
    Longitude
    -114.1568624
    Latitude
    46.2477931

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    FAQs

    What type of property is this?
    Multifamily property - Historic Downtown Hamilton Mixed-Use Property
    Where is this multifamily property located?
    The property is located at 120 2Nd St Hamilton, MT.
    What is the asking price?
    The asking price for this property is $744,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Hamilton, Montana.; 1930 building on a 6,665 sq ft lot at 120 N 2nd Street, asking $744,000.; Features a remodeled residential apartment generating rental income and a ground-floor axe-throwing business.
    Request Owner's contact information
    120 2Nd St Hamilton, MT 59840
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    Hamilton, MT 59840
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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
    120 2Nd St Hamilton, MT 59840
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