1712 3Rd StGreat Falls, MT 59404

Property Details for 1712 3Rd St

Year built

1996

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

9,450 SF

Property type

Retail space

APN

02-3015-02-1-06-04-0000

APU

2301502106040000

Description

This exceptional mixed-use property, located at 1712 3rd Street NW in Great Falls, Montana, presents a compelling investment opportunity. The 10,600 square foot building, constructed in 1996, sits on a sizable 0.64-acre lot (27,878 sq ft) and boasts approximately 255 feet of frontage on 3rd Street NW, ensuring high visibility and accessibility. The building's design features a metal clear span structure, offering versatile space for a variety of commercial uses. The interior comprises a spacious 6,300 square foot main level and a 3,224 square foot upper level, both featuring 9-foot ceilings. The property is zoned C-2 - General Commercial, allowing for a wide range of business applications. The current lease expires on April 10, 2025, presenting future development or leasing possibilities. This prime location in Great Falls, Montana, combined with the building's size and zoning, makes this an attractive investment prospect with significant upside potential. The property's dimensions are approximately 90 feet by 70 feet. The asking price is $1,250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,552,012

  6.5%

  $2,355,704

  7%

  $2,187,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,077,383

  Geo Method

  $5,077,383

• Alternative Use

  Use

  Valuation

  Residential

  $1,987,124

  Hospitality

  $1,820,195

  Educational

  $1,514,381

  Medical

  $1,566,463

  Retail

  $2,355,704

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5231

Longitude

-111.307

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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