Property profile

419 2nd E St Whitefish, MT 59937

OFF-MARKET
Turn key restaurants
Property ID
US52-0199092
5,616 SF 0.06 ac lot Built 1905
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a unique blend of hospitality and real estate in the heart of Whitefish, Montana. Located at 419 E 2nd Street, this property boasts a rich history, having been built in 1905. The main attraction is the renowned Wasabi Sushi Bar, a well-established restaurant included in the sale. The sale encompasses all furniture, fixtures, and equipment, along with the business name and cabaret license, ensuring a seamless transition for the new owner. Adding to the income potential, the property also features a flat upstairs, currently configured for nightly or weekly rentals, generating additional revenue streams. Furthermore, two additional apartments contribute to the property's overall profitability. Situated on a 0.06-acre lot, this prime downtown location offers unparalleled visibility and accessibility. The asking price for this turn-key operation is $2,500,000. This is a rare chance to acquire a thriving business and valuable real estate in one of Montana's most desirable towns. The property consists of four units in total, offering diverse income streams and potential for future expansion or renovation. This is an exceptional opportunity for a savvy investor seeking a profitable and established business in a vibrant location. The property's historical charm combined with its modern functionality makes it a truly unique investment.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1905
Construction WOOD
Total area 5,616 SF
Lot 0.06 ac (2,744 SF)
Zoning code 6
APN 07-4292-36-1-40-21-0000
UPID US52-0199092

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
  • Hotel & Motel Resort

Location

419 2nd E St Whitefish, MT 59937-2653
Whitefish metro Census 402 KALISPELL, MT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2015
5 recorded transactions
2017
Price N/A
2016
Price N/A
2015
Price N/A
2012
Price N/A
2008
Price N/A

Zoning & alternative use

6 · Whitefish, MT

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
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