46 S 1St St E Malta, MT 59538

Property Details for 46 S 1St St E

Year built

1961

Construction

WOOD

Lot size

0.27 lot acres

Property size

8,969 SF

Zone code

1

Property type

Retail space

APN

11-4239-18-1-03-10-0000

APU

11423918103100000

Description

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.