Property profile

46 1st E St Malta, MT 59538

OFF-MARKET
Retail space
Property ID
US52-0530119
8,969 SF 0.27 ac lot Built 1961
Entity Owned Free & Clear
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Property summary

AI-generated overview

This 8,969 square foot, 14-unit office center in Malta, Montana, presents a compelling investment opportunity. Located at 46 S 1st St E, this property enjoys a high-visibility position on Malta's main street, just one block from Highways 191 S and 2. The building, constructed in 1961 and situated on an 11,850 square foot lot (26' x 97'), has undergone recent renovations, transforming it into a versatile business center. The main level features a diverse range of office spaces, including an owner's office, utility room, restrooms, a spacious hallway, and 14 individual offices. One office functions as a conference room, and another is a suite with four offices, a break room, and a separate entrance. Office sizes vary, ranging from approximately 135 square feet to 752 square feet, offering flexibility for various business needs. Ample parking is available on the main street and in a new asphalt area at the rear, accessible via the alley. The property includes Wi-Fi access points throughout and offers rental options for the conference room and vacant spaces on a monthly, daily, or hourly basis. Recent average monthly utility costs include $372.04 for NorthWestern Energy, $410 for MDU Resources, and a minimum of $80.50 for City of Malta services (garbage, sewer, and water). 2022 property taxes totaled $4,777.34. The asking price is $600,000 ($66.90 per square foot). This established business center, operating successfully for over eight years, is currently vacant and ready for a new owner. Financial statements are available to qualified buyers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Construction WOOD
Total area 8,969 SF
Lot 0.27 ac (11,848 SF)
Zoning code 1
APN 11-4239-18-1-03-10-0000
UPID US52-0530119

Cap rate & NOI

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

Location

46 1st E St Malta, MT 59538-9004
Malta metro Census 60200
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Zoning & alternative use

1 · Malta, 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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