1109 6Th AveGreat Falls, MT 59401
- Healthcare properties
- 68,075 SF
Property Details for 1109 6Th Ave
- Year built
- 1929
- Construction
- WOOD
- Lot size
- 1.26 AC
- Property size (Sq ft)
- 68,075 SF
- Property type
- Healthcare properties
- Property subtype
- Assisted living facilities
- APN
- 02-3015-01-4-26-01-0000
- APU
- 2301501426010000
Description
This exceptional mixed-use property, located at 1109 6th Avenue N in Great Falls, Montana, presents a compelling redevelopment opportunity. The 68,925 square foot building sits on a 1.265-acre lot (55,103 sq ft), offering significant potential. Originally constructed in 1929 and remodeled in 1985 with steel studs throughout, the property boasts recent updates (2021-present), including some new windows and a security system with motion sensors. The building features 10-16 foot wall heights, a paved off-street parking lot with security fencing, a commercial kitchen, and two elevators (one requiring a complete upgrade, the other needing belt replacement). Cable is available to all rooms, and ADA-compliant doorways are present. The property is zoned R-6 Multi-Family High Density; however, buyers are advised to verify its intended use with the City of Great Falls. Detailed documentation is available, including Phase I & II environmental reports, a sprinkler bid, historic property records, and architectural drawings for over 80 living units. While structurally sound, some mold remediation is needed, and there is offensive graffiti from vandalism on the premises. Health-sensitive individuals should exercise caution. 2023 property taxes were $6,985.26. The property is being sold "As-Is, Where-Is," and all offers will be considered. This is a unique chance to acquire a substantial property in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,224,672
- 6.5%
- $11,284,313
- 7%
- $10,478,291
-
Comparable approach
- Method
- Valuation
- Relative Method
- $16,691,411
- Geo Method
- $16,691,411
-
Alternative Use
- Use
- Valuation
- Residential
- $14,314,627
- Hospitality
- $13,112,122
- Educational
- $10,909,131
- Medical
- $11,284,313
- Retail
- $16,969,760
Location Insight
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Latitude
- 47.5122
- Longitude
- -111.288
- CBSA code
- 24500
- CBSA name
- GREAT FALLS, MT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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