Current Use by Public Records
- Mixed-use properties
Property Details for 750 Hwy
- Lot size
- 20.00 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Self storage facilities
Description
This exceptional investment opportunity presents a 98,500 square foot mixed-use property in Somers, Montana, encompassing a thriving 257-unit boat, RV, and mini-storage facility. Situated on a expansive 20.001-acre parcel just north of Flathead Lake, this property offers significant upside potential. The existing facility, constructed on approximately 8 acres, provides a strong foundation for immediate income generation. A substantial 12 acres remain undeveloped, presenting a unique opportunity for future expansion. This could include additional storage units (open, covered, enclosed, or climate-controlled), shop spaces, or commercial development. Approximately 2 acres of Highway 82 frontage is available for commercial use, while roughly 10 acres at the rear of the property offer flexibility for various uses. The property's Scenic Corridor zoning allows for extensive uses, with only minor restrictions on highway signage. Current in-house management is in place, with a replacement management team already identified, ensuring a smooth transition for the new owner. Rebranding options are available to tailor the property to the new owner's vision. The asking price is $7,900,000, representing a compelling 6.75% cap rate. This property is an ideal investment for those seeking a high-yield asset with substantial growth potential in a desirable Montana location.
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
- Somers
- County
- Flathead
- State
- Montana
- Longitude
- -114.205
- Latitude
- 48.0945
