Property summary
This exceptional mixed-use property, situated on a generous 4.863-acre lot (211,832 sq ft) at 1962 Mt Highway 28 in Hot Springs, Montana, presents a compelling investment opportunity. Currently operating as a restaurant and bar, the property boasts existing structures in excellent condition, offering endless possibilities for redevelopment. The property features significant Highway 28 frontage with multiple convenient access points. A high-capacity artesian well and commercial septic system are already in place, eliminating significant infrastructure costs. The flat, usable land offers potential for expansion, with the possibility of acquiring additional acreage. Located just one mile from a lighted city airport and two miles from the renowned Hot Springs of Montana, this property benefits from a prime location in a charming, established town. The 1997-built structures provide a solid foundation for a variety of uses, from residential conversion to continued commercial operation. The sellers are open to exploring creative financing options or joint ventures, making this an attractive proposition for a wide range of investors. The property's zip code is 59845, and its coordinates are 47.6180173 latitude and -114.6249692 longitude, within Sanders County. This is a rare chance to acquire a substantial property with significant upside potential in a desirable Montana location.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
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 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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