For Sale
$2,400,000

29 Frontage RdBasin, MT 59631

Thriving RV park, health mine, expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a unique blend of commercial, industrial, and residential uses. Located in Basin, Montana, on 20 acres at 29 Frontage Rd, this property encompasses a successful RV park featuring 51 sites (39 full hook-up and 25 tent campsites) with potential for expansion. Three existing buildings support the operation. The property also includes a health mine, attracting a health-conscious clientele. The property's zoning permits commercial development, offering significant potential for future expansion into multi-family housing, retail, or high-demand self-storage. The property boasts ready-to-build infrastructure, including road access and utilities, facilitating rapid development. Situated just 30 minutes from Helena and Butte, off busy Highway 15, the property benefits from high visibility and accessibility to a diverse range of visitors. The asking price is $2,400,000, with a current NOI of $90,123 and a pro-forma NOI of $117,160, representing a 7.40% cap rate and a pro-forma cap rate of 9.70%. The total square footage is 930,600, with a price per square foot of $2.57. Seller financing is available with satisfactory terms and a down payment. The property is sold "as is," and buyers are responsible for verifying all information. The property is offered as a 1031 exchange opportunity. The APN numbers are 51-1489-17-4-04-10-0000; 51-1489-17-4-01-14-0000; 51-1489-17-4-01-15-0000. The property is owned by Hanuri Properties LLC. Fidelity Title & Escrow is recommended for the transaction.

Highlights

  • $2,400,000 asking price for a 20-acre Montana property.
  • 930,600 square feet of land, including a thriving RV park and health mine.
  • 51 RV sites, 3 buildings, and significant expansion potential.
  • 7.40% cap rate, 9.70% pro-forma cap rate, with a current NOI of $90,123 and a pro-forma NOI of $117,160.
  • Located in Basin, Montana, near Highway 15, offering easy access to Helena and Butte.
  • Commercial zoning permits various development options, including multi-family, retail, or self-storage.

Property Details for 29 Frontage Rd

Property type
Retail properties, Mobile home & RV parks
Square Feet
930,600 SF
Class
C
Buildings
3
Lot Size (sq. ft)
871,200 SF

Location Insight

City
Basin
County
Jefferson
State
Montana
Latitude
46.2853813
Longitude
-112.3722953
29 Frontage Rd, Basin, Montana

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29 Frontage Rd
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