129 Airfield Rd Libby, MT 59923
This exceptional mixed-use property presents a compelling investment opportunity in Libby, Montana. Located at 129 Airfield Road, this 3,646 square foot, two-story building sits on a generous 1.56-acre lot, offering significant expansion potential. Built in 1971, the property boasts convenient access and high visibility due to its commercial frontage on Highway 37, a major thoroughfare. The upper level, accessible from Highway 37, includes a large gravel parking lot, providing ample space for customers or residents. The lower unit is conveniently accessed from Airfield Road and features a large paved parking lot. Its prime location offers proximity to J. Neils Park, local trails, and the Kootenai River, enhancing its appeal to a wide range of potential users. The property's size and versatile layout make it ideal for a variety of uses, from a family home and business combination to a multi-unit rental investment. The substantial lot size allows for future development or expansion, adding further value to this already attractive offering. The asking price is $664,000. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.
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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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.