For Sale
$850,000

518 Montana AveBaker, MT 59313

40-key motel, high NOI, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This fee-simple, 40-key motel, the Sagebrush Inn, is offered for sale at $850,000 ($21,250 per key). Boasting a Net Operating Income (NOI) of $165,542 and a pro-forma NOI of $170,852, this property presents a compelling investment opportunity with a current cap rate of 19.48% and a pro-forma cap rate of 20.10%. Built in 1942, this two-story motel sits on a 1.47-acre lot at 518 W Montana Ave, Baker, MT 59313, conveniently located off US Route 12 near Highway 7. The property includes several amenities, such as a gazebo with a barbecue grill, vending machines, and ample parking for buses, trucks, and RVs. On-site owner's quarters are also included. Baker, Montana is situated in Fallon County, benefiting from the economic activity spurred by the Williston Basin's oil and gas reserves. The town features a thriving downtown area with shops and annual events, as well as attractions like Baker Lake and Medicine Rocks State Park. The property's proximity to the Fallon Medical Complex, the largest employer in Fallon County serving a large rural population across seven counties, further enhances its investment potential. The Sagebrush Inn is unencumbered by management contracts, franchises, or existing debt. This presents a rare opportunity to acquire a well-positioned motel in a growing area with significant upside potential.

Highlights

  • Two-story, 40-room independent hotel with owner's quarters.
  • Conveniently located near O'Fallon Historical Museum and Medicine Rocks State Park.
  • Less than one mile from Fallon Medical Complex, serving seven counties.
  • Offered fee simple, free and clear of any management contracts, franchise agreements, or existing debt.

Property Details for 518 Montana Ave

Property type
Hospitality properties, Motels
Year Built
1942
Stories
2
Lot Size (sq. ft)
64,033 SF

Location Insight

City
Baker
County
Fallon
State
Montana
Latitude
46.36785985
Longitude
-104.28379832
518 Montana Ave, Baker, Montana

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518 Montana Ave
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