29 Frontage Rd Basin, MT 59631

Property Details for 29 Frontage Rd

Lot size

20.00 lot acres

Property size

930,600 SF

Property type

Retail properties

Property subtype

Mobile home & RV parks

Description

This exceptional investment opportunity presents a unique blend of commercial, industrial, and residential uses. Located in Basin, Montana, on 20 acres at 29 Frontage Rd, this property encompasses a successful RV park featuring 51 sites (39 full hook-up and 25 tent campsites) with potential for expansion. Three existing buildings support the operation. The property also includes a health mine, attracting a health-conscious clientele. The property's zoning permits commercial development, offering significant potential for future expansion into multi-family housing, retail, or high-demand self-storage. The property boasts ready-to-build infrastructure, including road access and utilities, facilitating rapid development. Situated just 30 minutes from Helena and Butte, off busy Highway 15, the property benefits from high visibility and accessibility to a diverse range of visitors. The asking price is $2,400,000, with a current NOI of $90,123 and a pro-forma NOI of $117,160, representing a 7.40% cap rate and a pro-forma cap rate of 9.70%. The total square footage is 930,600, with a price per square foot of $2.57. Seller financing is available with satisfactory terms and a down payment. The property is sold "as is," and buyers are responsible for verifying all information. The property is offered as a 1031 exchange opportunity. The APN numbers are 51-1489-17-4-04-10-0000; 51-1489-17-4-01-14-0000; 51-1489-17-4-01-15-0000. The property is owned by Hanuri Properties LLC. Fidelity Title & Escrow is recommended for the transaction.

Location Insight

City

Basin

County

Jefferson

State

Montana

Longitude

-112.372

Latitude

46.2854