1015 Haynes AveMiles City, MT 59301

Property Details for 1015 Haynes Ave

Year built

1970

Construction

WOOD

Lot size

0.73 AC

Property size (Sq ft)

25,202 SF

Zone code

6

Property type

Hotels

Property subtype

Motels

APN

14-1740-34-4-16-01-0000

APU

14174034416010000

Description

This exceptional hospitality investment opportunity presents a 53-room, two-story hotel totaling 26,272 square feet situated on a 0.7-acre lot at 1015 S Haynes Ave, Miles City, MT 59301. Built in 1969 and renovated in 2012, the property boasts 49 guest rooms and four suites, along with two additional apartment units (one 2-bed/1-bath, one 2-bed/2-bath). The hotel features 44 parking spaces and enjoys prime visibility along State Route 59 with direct access to Interstate 94, experiencing over 14,000 vehicles per day. Recent upgrades include a new roof, exterior repainting, updated unit appliances and furniture, and refreshed landscaping and facade. Approved for re-flagging with Best Western or SureStay, this asset offers significant value-add potential. The hotel includes a modern business center, an indoor pool, hot tub, and sauna, catering to both business and leisure travelers. Its strategic location near major employers like Billings Clinic, Fort Keogh, and Miles Community College ensures consistent demand. Proximity to downtown Miles City (2 miles) provides easy access to restaurants and retail. The property's current occupancy rate is approximately 53%, presenting opportunities to enhance profitability through operational improvements and strategic marketing. No new hotel supply has entered the market in the past five years, minimizing competition. This well-maintained property offers a strong foundation for a successful hospitality venture in a growing market. The APN is 14-1740-34-4-16-01-0000. The permitted zoning is 6.

• CAP approach

  CAP return

  Valuation

  6%

  $4,818,060

  6.5%

  $4,447,440

  7%

  $4,129,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,371,660

  Geo Method

  $1,769,860

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,650,700

  Retail / Commercial

  $6,008,600

  Mixed-Use / Specialty

  $6,014,120

  Office

  $6,006,450

  Institutional / Educational

  $6,261,880

  Residential Income

  $7,326,400

  Multifamily

  $8,637,540

  Automotive / Energy

  $5,367,330

  Parking / Income-Based Land

  $1,825,580

  Restaurant / Food Service

  $3,185,480

  Healthcare / Senior Housing

  $6,139,740

Location Insight

City

Miles City

County

Custer

State

Montana

Latitude

46.3988

Longitude

-105.823

Property Tax & Assessments

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