Property summary
This vacant restaurant building presents a compelling redevelopment opportunity in Miles City, Montana. Located at 1406 S Haynes Ave, this fee-simple property offers 3,510 square feet on a 0.76-acre lot, boasting 29 parking spaces. Built in 1976, the Class B building is situated on a hard corner with excellent visibility from Interstate 94, a major thoroughfare with over 8,000 vehicles daily. The property's strategic location near significant retailers such as Walmart and Albertsons, and its proximity to several hotels (Travelodge, Sleep Inn, Best Western, and Econolodge), ensures high foot traffic and strong market potential. The permitted zoning is 6. The property is currently vacant and available for immediate occupancy, allowing for a seamless transition for prospective buyers. This is an exceptional investment opportunity for entrepreneurs seeking a high-traffic location in a thriving Montana market. The asking price is $650,000. The property features one building, one story, and is zoned for commercial use. The property is not subject to a ground lease.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
6 · Miles City, MTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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