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    618 Eastside Hwy Corvallis, MT 59828

    For Sale
    $495,000

    Corvallis investment opportunity: two units, huge potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, situated on a 0.53-acre lot at 618 Eastside Highway in Corvallis, Montana, presents a unique investment opportunity. Built in 1968, the property boasts two units and offers unlimited potential for various uses, including commercial, multi-family, and residential development. There are no restrictive covenants or zoning limitations. A significant advantage is the full walk-out basement, easily adaptable for rental income generation, complete with private parking and convenient highway access. The property also includes a newer 1000 sq. ft. garage/workshop, featuring two separate walkthrough entrances and two overhead garage doors, providing ample workspace and storage. Ample parking is available on a private driveway for both owners and clients. The property enjoys excellent visibility just off Eastside Highway, conveniently located midway between Hamilton and Corvallis. Please note that showings are unavailable between 2:00 PM and 5:00 PM daily. The asking price is $495,000. This property is listed as Residential on MLS # 30033134.

    Property Features for 618 Eastside Hwy

    General Information

    Property type
    Land
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1968
    Units
    2

    HighLights

    • $495,000 asking price.
    • Mixed‑use property with 0.53 acres of land in Corvallis, MT.
    • Two units, built in 1968.
    • High visibility location on Eastside Highway, midway between Hamilton and Corvallis.
    • No restrictive covenants or zoning, allowing for various commercial, multi‑family, and residential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Accounting Firm HVAC Service Garden Center Computer & Electronic Repair Tech Support Center Pet Store Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Ravalli
    State
    Montana
    Longitude
    -114.1181106
    Latitude
    46.2792933

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    FAQs

    What type of property is this?
    Land - Corvallis investment opportunity: two units, huge potential.
    Where is this land located?
    The property is located at 618 Eastside Hwy Corvallis, 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 with 0.53 acres of land in Corvallis, MT.; Two units, built in 1968.
    Request Owner's contact information
    618 Eastside Hwy Corvallis, MT 59828
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    Corvallis, MT 59828
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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
    618 Eastside Hwy Corvallis, MT 59828
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