1109 6Th AveGreat Falls, MT 59401

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

Assisted living facilities

Property subtype

Retirement homes

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.

• 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

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