1601 Central Ave Great Falls, MT 59401
This exceptional mixed-use property in Great Falls, Montana, presents a unique investment opportunity. Located at 1601 Central Avenue, this half-acre lot features two distinct buildings: a charming, over 3800 square foot brick church and an adjacent, over 2300 square foot, four-bedroom Craftsman-style house. The property's zoning is R-3 with a conditional use permit, offering considerable flexibility for future development. The ample off-street parking adds significant value and convenience. Built in 1925, the buildings offer a blend of historical character and potential for modern adaptation. The central location in Great Falls provides excellent visibility and accessibility. This property is ideal for investors seeking a versatile asset with significant potential for redevelopment or repurposing. The existing structures provide immediate income potential, while the zoning and ample land allow for a variety of future uses. Interested parties are encouraged to explore the possibilities with the City Planning and Zoning department to fully understand the potential of this unique property. The asking price is $899,000.
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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