For Sale
$599,000

252 Mill RdHelena, MT 59602

Prime Helena location, value-add opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This 3.98-acre property, formerly Valley Farms, presents a unique value-add opportunity in Helena, Montana. The site includes six buildings totaling 5,400 square feet of building space and 23,760 square feet of greenhouse space, situated on a large lot with room for expansion. Currently, three buildings are leased, generating a net operating income (NOI) of $10,000 annually, which covers annual property taxes. The property features 35 parking spaces and two gas pumps. Recent renovations include brand new greenhouse roofs installed in 2024. The property is zoned under Special Zoning District #51 and offers a single tenancy with a lease expiring January 31, 2026 (1.2 years remaining). The asking price is $599,000, representing a compelling investment for an owner-user seeking to establish a new business or revitalize an existing one. The property's location between Green Meadow and North Montana Avenue provides convenient access to Helena's amenities. The existing infrastructure provides a solid foundation for a new venture. This is a fee simple ownership with no ground lease. Built between 1975 and 2015, the property includes one-story buildings. The property's occupancy rate is currently 33%. Two wells are also located on the property. The APN is 0000025110.

Highlights

  • Expansion Potential
  • Two Wells on Site
  • High Square Footage

Property Details for 252 Mill Rd

Property type
Retail properties, Land
Square Feet
5,400 SF
Class
C
Year Built/Renovated
1975/2023
Buildings
6
Stories
1
Lot Size (sq. ft)
173,369 SF
Units
1

Location Insight

City
Helena
County
Lewis and Clark
State
Montana
Latitude
46.6461938
Longitude
-112.0452571
252 Mill Rd, Helena, Montana

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252 Mill Rd
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