2000 Clark StMiles City, MT 59301

Property Details for 2000 Clark St

Year built

1959

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

6,695 SF

Zone code

6

Property type

Office properties

Property subtype

Office buildings

APN

14-1740-34-2-49-08-0000

APU

14174034249080000

Description

This exceptional commercial investment opportunity presents a 6,695 square foot medical office building situated on a 0.28-acre lot at 2000 Clark St, Miles City, Montana 59301. Constructed in 1959, the property boasts 11 individual office spaces, currently occupied by a mix of tenants. Four long-term leases are in place, providing immediate and stable income, with four additional established tenants expressing a desire to remain. The building features two suites, each with five offices, and one large open office space complete with a kitchen and a private office. Four half-bathrooms conveniently serve the entire building. A spacious common reception area welcomes visitors at the main entrance. Ample off-street parking is available in the rear, accommodating approximately 12 vehicles and equipped with lighting for enhanced safety. Recent improvements include the addition of diagonal parking on the east side of the building, with further diagonal parking currently under construction along Clark Street. This property offers a strong return on investment with established tenants and potential for future growth. The asking price is $299,000, translating to $44.66 per square foot. This is a turnkey opportunity for an investor seeking a stable and profitable medical office portfolio addition.

• CAP approach

  CAP return

  Valuation

  6%

  $1,525,235

  6.5%

  $1,407,909

  7%

  $1,307,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,678,820

  Geo Method

  $553,141

• Alternative Use

  Use

  Valuation

  Residential

  $1,745,807

  Hospitality

  $1,599,150

  Educational

  $1,330,474

  Medical

  $1,376,231

  Retail

  $2,069,626

Location Insight

City

Miles City

County

Custer

State

Montana

Latitude

46.4109

Longitude

-105.835

Property Tax & Assessments

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