1431 Old Hardin RdBillings, MT 59101

Property Details for 1431 Old Hardin Rd

Year built

2000

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

1,696 SF

Zone code

HC

Property type

Showrooms

APN

03-1033-26-4-02-05-0000

APU

3103326402050000

Description

This exceptional turn-key opportunity encompasses a well-established cannabis business and a state-of-the-art grow facility, generating a gross monthly income of $100,000. The asking price is $2,000,000, significantly reduced from its previous listing. The main retail location, situated at 1431 Old Hardin Rd, Billings, MT 59101, is a 1,696 square foot wood-framed metal building constructed in 2000 and 2022. This location boasts ample parking, city services, and convenient access to a major arterial road in Lockwood. Security features include a perimeter fence and a security system. Covered parking is available at the rear. A second location, a 54 x 78 Morton metal building grow facility, is located at 122 Main St, Bear Creek, MT 59007. Built in December 2022, this facility features a security system, city water, 96,000 watts of power, and 1,200 amps. Two adjacent west-side sheds, one an office and the other for storage, are included in the sale. The property is correctly zoned for a dispensary and enjoys excellent visibility. The business has been operating successfully for over five years, establishing a strong presence in the market. All buyers must be pre-qualified and sign a Non-Disclosure Agreement before receiving financial information. The real estate will be sold as a package

• CAP approach

  CAP return

  Valuation

  6%

  $431,480

  6.5%

  $398,290

  7%

  $369,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,130

  Geo Method

  $145,728

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $777,257

  Mixed-Use / Specialty

  $396,646

  Hospitality / Lodging

  $290,715

  Office

  $394,056

  Institutional / Educational

  $412,272

  Residential Income

  $482,358

  Multifamily

  $579,755

  Automotive / Energy

  $353,376

  Parking / Income-Based Land

  $122,167

  Restaurant / Food Service

  $205,821

  Healthcare / Senior Housing

  $406,982

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7991

Longitude

-108.449

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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