Property profile

1962 Mt Hwy 28 Hot Springs, MT 59845

OFF-MARKET
Turn key restaurants
Property ID
US52-0691006
3,168 SF 4.86 ac lot Built 1997
Individually Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Construction WOOD
Total area 3,168 SF
Lot 4.86 ac (211,832 SF)
APN 35-3223-36-3-01-10-0000
UPID US52-0691006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1962 Mt Hwy 28 Hot Springs, MT 59845-9719
Hot Springs metro Census 940300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$635k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1962 Mt Hwy 28?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message