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919 Mineral Ave Libby, MT 59923

For Sale
$1,800,000

Prime Libby Hotel: Huge Potential!

Description

Added:
Dec 11, 2024
Days on Market:
360
Exceptional investment opportunity awaits in downtown Libby, Montana. This mixed-use property, formerly a motel, is listed at $1,800,000 and boasts a 4% cap rate. The 9,540 square foot lot houses a building constructed in 1946, offering spacious units with potential for significant upgrades and renovations. Its prime location provides easy access to local parks and attractions. The property includes on-site manager's quarters, ideal for on-site management or generating additional rental income. The existing units feature roomy layouts ready for modernization, creating attractive living spaces. Unfinished basements in both buildings present further expansion possibilities, allowing for increased rentable square footage. This property offers a blank canvas for creative vision, whether focusing on rental income enhancement through renovations or repurposing the space entirely. The possibilities are extensive. More photos are forthcoming.

Property Features for 919 Mineral Ave

General Information

Property type
Hotels

Building Details

Year Built
1946

HighLights

  • $1,800,000 asking price.
  • Mixed‑use hotel property in Libby, Montana.
  • 9,540 square foot lot.
  • Built in 1946.
  • Features on‑site manager's quarters.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Granite Studios Motel Evergreen Extension Motel The Royal Wolf Lodge Lodge The Janitorial & Construction Cleaning ... Cleaning Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
Libby
County
Lincoln
State
Montana
Longitude
-115.5552791
Latitude
48.3873774

FAQs

What type of property is this?
Hotel - Prime Libby Hotel: Huge Potential!
Where is this hotel located?
The property is located at 919 Mineral Ave Libby, MT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: $1,800,000 asking price.; Mixed-use hotel property in Libby, Montana.; 9,540 square foot lot.
More about this property
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