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    1000 1St St Hamilton, MT 59840

    Sponsored
    For Sale
    $1,666,222

    2.08-acre prime land, ideal for multifamily development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.08-acre parcel located at 1000 S 1st Street, Hamilton, Montana, 59840, presents a unique investment opportunity. Situated conveniently off South 1st Street/Highway 93, this unzoned property offers significant potential for various development projects. The property's multifamily zoning allows for the construction of apartment buildings, duplexes, triplexes, or quadplexes. Its expansive 2.08 acres provide ample space for a substantial development. The strategic location within the Hamilton Opportunity Zone provides access to favorable tax incentives, making this an attractive investment proposition. The unzoned nature of the property grants developers considerable flexibility in their design and development plans, allowing for exploration of diverse possibilities, including but not limited to apartment complexes, condominiums, retail spaces, or office buildings. This prime location offers easy access to local amenities and transportation routes, enhancing its appeal to potential residents and businesses. The asking price for this remarkable property is $1,666,222. This is a rare chance to capitalize on the growth and potential of Hamilton, Montana, and create a significant development in a thriving community. Don't miss this opportunity to shape the future of Hamilton's landscape.

    Property Features for 1000 1St St

    General Information

    Property type
    Multifamily properties
    Lot Size
    90,605 SF

    HighLights

    • 2.08‑acre parcel at 1000 S 1st Street, Hamilton, MT 59840.
    • Conveniently located off Highway 93.
    • Unzoned, offering flexible development options.
    • Located in the Hamilton Opportunity Zone, providing tax incentives.
    • Asking price: $1,666,222.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    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
    -114.1541648
    Latitude
    46.2365177

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    FAQs

    What type of property is this?
    Multifamily property - 2.08-acre prime land, ideal for multifamily development.
    Where is this multifamily property located?
    The property is located at 1000 1St St Hamilton, MT.
    What is the asking price?
    The asking price for this property is $1,666,222.
    What are key features of this property?
    This property features: 2.08-acre parcel at 1000 S 1st Street, Hamilton, MT 59840.; Conveniently located off Highway 93.; Unzoned, offering flexible development options.
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    1000 1St St 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
    1000 1St St Hamilton, MT 59840
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