509 Spokane Ave Whitefish, MT 59937

Property Details for 509 Spokane Ave

Lot size

2.23 lot acres

Property type

Land

Description

This exceptional 2.23-acre commercial land parcel presents a unique development opportunity in the heart of Whitefish, Montana. Situated just one block from downtown, this property boasts over 605 feet of Whitefish River frontage, offering unparalleled visibility and appeal. A current Planned Unit Development (PUD) is in place, approved for three years, for a mixed-use building with underground parking. The approved plan includes 5,500 square feet of commercial space on the main floor and eight residential condominiums (four three-bedroom, two two-bedroom, and two one-bedroom units) above. Alternative uses permitted within the B-2 zoning include a hotel, bed and breakfast, restaurant, or brewery, all taking advantage of the stunning riverfront location. The property also includes a 2,500-square-foot building currently leased, offering immediate income potential. The seller is willing to lease back the existing building for one to two years. This prominent location enjoys high daily traffic counts of 14,990 vehicles. The asking price of $2,198,000 represents the seller's bottom line; no further price reductions are anticipated. This is a rare chance to acquire a substantial riverfront property in a thriving Montana town. The business operating on the property is not included in the sale; only the real estate is being offered.