960 Mt Highway 2 Cardwell, MT 59721
This exceptional investment opportunity presents a thriving, newly constructed restaurant situated on a picturesque 33.79-acre parcel along the Jefferson River in Cardwell, Montana. The LaHood Park Steakhouse, established in 1950 and rebuilt in 2023, boasts a renowned reputation for its gourmet cuisine, featuring certified Angus beef and other chef specialties. The restaurant consistently enjoys near-capacity seating, benefiting from large windows offering stunning river and mountain views, and a popular outdoor deck. The property includes extensive river frontage, providing ample space for expansion. A new owner could capitalize on the high volume of tourism in the area by adding lodging options such as cabins or RV hookups, catering to anglers, hunters, and travelers exploring nearby attractions like Lewis and Clark Caverns and Yellowstone National Park via the Norris route. Further enhancing the offering is a newly constructed residence, a spacious workshop, and an RV pad with hookups. This turnkey business presents a rare chance to acquire a profitable, established restaurant with significant potential for growth and diversification in a highly desirable location. The property's size and location offer a unique blend of established income and exciting expansion possibilities. The 3,000 square foot restaurant building is complemented by the additional structures, making this a truly comprehensive and attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.