6287 Mt-83Condon, MT 59826

For Sale
$1,100,000
Established Montana Bar & Grill, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional turnkey business opportunity presents the Hungry Bear Bar and Grill, a well-established Montana establishment located at 6287 MT-83 in Condon, Missoula County, Montana, 59826. Boasting a prime location on a major highway with high daily traffic counts (1975 vehicles), this property benefits from consistent tourism, attracting hunters, fishermen, snowmobilers, and travelers year-round. The 4,554 square foot bar and restaurant features a private dining room, an outdoor party tent for catered events, and casino gaming machines. Additional amenities include outdoor patio seating, mini golf, cornhole, and horseshoes, ensuring diverse entertainment options. The business operates on a 12-month season, with consistent revenue streams throughout the year. Included in the sale are existing licenses and future booked events. Inventory is negotiable, and a full list of furniture, fixtures, and equipment (FF&E) is available. The property also includes three buildings on a 1.66-acre lot, with a 624 square foot cabin suitable for owner use or rental income. Built in 1975 and extensively renovated in 2023, this property offers a strong return on investment, with a Net Operating Income (NOI) of $143,000 and a 13% cap rate. The asking price is $1,100,000. This is a rare opportunity to acquire a thriving, multifaceted business with significant growth potential in a desirable Montana location.

Highlights

  • Excellent location on the main route connecting Yellowstone and Glacier National Parks.
  • High-traffic highway frontage provides exceptional visibility.
  • Strong potential for tourism-related businesses, catering to diverse outdoor recreation enthusiasts including hunters, fishermen, and snowmobilers.
  • Suitable for private catered events.

Property Details for 6287 Mt-83

Property type
Commercial real estate
Square Feet
4,554 SF
Year Built/Renovated
1975/2023
Buildings
3
Lot Size (sq. ft)
72,310 SF
Units
1

Location Insight

City
Condon
County
Missoula
State
Montana
Latitude
47.4779272
Longitude
-113.6758051
6287 Mt-83, Condon, Montana

FAQs

What type of property is this?
Commercial real estate - Established Montana Bar & Grill, High NOI
Where is the commercial real estate located?
The property is located at 6287 Mt-83 Condon, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent location on the main route connecting Yellowstone and Glacier National Parks.; High-traffic highway frontage provides exceptional visibility.; Strong potential for tourism-related businesses, catering to diverse outdoor recreation enthusiasts including hunters, fishermen, and snowmobilers.
How can I contact the broker?
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6287 Mt-83
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