450 Montana AveLovell, WY 82431

For Sale
$289,000
Downtown Lovell commercial building; high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
126
This 1,920 square foot mixed-use building in downtown Lovell, Wyoming, presents a lucrative investment opportunity. The property, built in 1950 and situated on an 8,712 square foot lot at 450 Montana Ave, 82431, boasts three apartment units and a commercial space currently operating as a beauty salon. Recent upgrades include a new roof, furnace, hot water heater, paint, flooring, LED lighting, and vanities, along with vinyl siding and handicap accessibility in the salon. Ample off-street parking is available. Two apartments are under one-year leases, one is month-to-month, as is the salon. The seller currently covers all utilities (approximately $275 monthly), and tenants are responsible for snow removal. The prime location offers easy access to main street businesses and provides proximity to the Big Horn Mountains for outdoor recreation, including hiking, ATV riding, fishing, camping, and hunting. Cody, Wyoming, and Yellowstone National Park are within a short driving distance. This property offers significant potential for growth and development.

Highlights

  • Asking price: $289,000
  • Mixed-use property (retail and office) totaling 1,920 square feet, built in 1950, situated on an 8,712 square foot lot.
  • Located at 450 Montana Ave, Lovell, WY 82431.
  • Features three apartment units and a separately rented beauty salon space.
  • Recent updates include a new roof, furnace, hot water heater, paint, flooring, LED lighting, and vanities. Also features vinyl siding and handicap accessibility in the salon. Ample off-street parking is available.

Property Details for 450 Montana Ave

Property type
Retail properties, Office properties
Square Feet
1,920 SF
Year Built
1950

Location Insight

City
Lovell
County
Big Horn
State
Wyoming
Latitude
44.8367204
Longitude
-108.3916331
450 Montana Ave, Lovell, Wyoming

FAQs

What type of property is this?
Retail property - Downtown Lovell commercial building; high rental income.
Where is the retail property located?
The property is located at 450 Montana Ave Lovell, WY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Asking price: $289,000; Mixed-use property (retail and office) totaling 1,920 square feet, built in 1950, situated on an 8,712 square foot lot.; Located at 450 Montana Ave, Lovell, WY 82431.
How can I contact the broker?
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450 Montana Ave
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