About 1900 N Last Chance Gulch
12 unit commercial building with varying unit sizes to accommodate different types of businesses. Long term tenants with only 2 units vacant. Filling the remaining 2 units will increase return on this investment to nearly 10% cap rate with a current cap rate of 7.95%. Current owner has maintained the building nicely for several years and is filling the current vacancies. One tenant is a dispensary, but we have a bank willing to look at financing the next owner with dispensary tenant in place. Other tenants include: commercial kitchen, professional photographer, salon. The B-2 (general commercial) district provides for compatible residential uses and a broad range of commercial and service uses that serve large areas of the City and that are normally required to sustain a community. High traffic count with mountain views. Close to campus and downtown
Features of 1900 N Last Chance Gulch
| MLS® # | 380553 |
|---|---|
| Price | $1,395,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,712 |
| Acres | 0.28 |
| Year Built | 1949 |
| Type | Commercial Sale |
| Sub-Type | Building |
| Status | Active |
Community Information
| Address | 1900 N Last Chance Gulch |
|---|---|
| Area | 12M - Other Montana Counties |
| City | Helena |
| County | Lewis and Clark |
| State | MT |
| Zip Code | 59601 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | February 28th, 2023 |
|---|---|
| Days on Market | 429 |
| Zoning | B2 - Community Business |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Justin Joyner |
|---|---|
| Office | Montana Land Buyer Realty |