Current Use by Public Records
- Mixed-use properties
Property Details for 1200 Bozeman St
- Year built
- 1890
- Lot size
- 1.00 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity presents a 24,000 square foot warehouse building situated on a 1.001-acre lot in Helena, Montana. Built in 1890, the property boasts a prominent location at 1200 Bozeman Street, offering excellent visibility and convenient access to major roads and highways. Currently, the building has three tenants, although the largest tenant's lease is not in place. The property features 31 vehicle parking spots and benefits from its proximity to the Lewis and Clark Brewery and rail access at the rear. The immediate area is vibrant, with numerous shops, restaurants, and cafes within walking distance. High daily traffic volume (approximately 13,770 cars per day) ensures significant exposure. The property is zoned CLM and is located in a gentrified area experiencing continued growth. The asking price is $1,449,000, with a projected cap rate of 11.60% upon stabilization. Currently, the occupancy rate is 25%. This presents a compelling opportunity for investors seeking a high-yield property in a thriving Montana market. The building's substantial size and versatile nature offer significant potential for future development and increased rental income.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Helena
- County
- Lewis and Clark
- State
- Montana
- Longitude
- -112.02
- Latitude
- 46.6001
