104 Broadway AveRed Lodge, MT 59068

Property Details for 104 Broadway Ave

Year built

1900

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,050 SF

Zone code

1

Property type

Retail properties

Property subtype

Retail space

APN

10-0356-27-4-23-10-0000

APU

10035627423100000

Description

This exceptional turnkey restaurant opportunity in Red Lodge, Montana, is offered at $999,999. Located at 104 Broadway Ave S, this 3,125 square foot, single-tenant retail property boasts a prime location on a charming Main Street, benefiting from high foot traffic. The building itself has been beautifully remodeled. This successful, established business has operated for over six years and enjoys 100% occupancy. The sale includes all furniture, fixtures, and equipment, along with valuable recipes and a current Restaurant Beer and Wine License. The property is a NNN lease. The asking price equates to $320 per square foot. Nestled in the picturesque town of Red Lodge, this location benefits from the significant tourist traffic drawn to the nearby Beartooth Highway, providing a consistent stream of potential customers. This is a rare opportunity to acquire a thriving, established restaurant in a highly desirable location. Financial details are available upon request with a signed Non-Disclosure Agreement.

• CAP approach

  CAP return

  Valuation

  6%

  $995,728

  6.5%

  $919,133

  7%

  $853,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,943,957

  Geo Method

  $635,017

• Alternative Use

  Use

  Valuation

  Residential

  $775,323

  Hospitality

  $710,192

  Educational

  $590,871

  Medical

  $611,192

  Retail

  $919,133

Location Insight

City

Red Lodge

County

Carbon

State

Montana

Latitude

45.1858

Longitude

-109.247

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].