1109 6Th AveGreat Falls, MT 59401

  • Healthcare properties
  • 68,075 SF
For Sale
$1,600,000 View listing

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
1109 6Th Ave, Great Falls, Montana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,985
-
-
$597,250
-
$201,010
$396,240
$597,250

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