3 6Th StGreat Falls, MT 59401

Property Details for 3 6Th St

Year built

1914

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

50,690 SF

Property type

Office properties

Property subtype

Office buildings

APN

02-3015-12-2-23-01-0000

APU

2301512223010000

Description

This exceptional mixed-use property at 3 6th Street N, Great Falls, MT 59401, presents a compelling redevelopment opportunity in a vibrant downtown location. Boasting 80,000-83,000 square feet on a 14,985 square foot lot, this 1914-built structure offers significant potential for a variety of uses, including retail, residential, or office spaces. Its strategic location guarantees high visibility and substantial daily foot traffic, capitalizing on the area's economic vitality. Surrounding the property are thriving healthcare facilities, robust manufacturing sectors, and bustling retail establishments. This Qualified Opportunity Zone (QOZ) property is eligible for significant tax incentives under the Tax Cuts and Jobs Act of 2017, including Historic Tax Credits and potential Tax Increment Financing (TIF). Further enhancing its appeal, the property's proximity to a major Northrop Grumman project (Sentinel ICBM) and a planned expansion of a renewable fuel refinery promises substantial long-term economic growth. The presence of a newly established medical school and two major regional healthcare centers further solidifies the area's economic strength. The asking price is $3,200,000, and the seller is open to discussing a lease for a portion of the renovated property, potentially creating an anchor tenant. This is a unique chance to be at the forefront of Great Falls' commercial resurgence.

• CAP approach

  CAP return

  Valuation

  6%

  $9,312,250

  6.5%

  $8,595,923

  7%

  $7,981,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,807,615

  Geo Method

  $10,807,615

• Alternative Use

  Use

  Valuation

  Residential

  $10,658,944

  Hospitality

  $9,763,536

  Educational

  $8,123,147

  Medical

  $8,402,515

  Retail

  $12,636,006

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5056

Longitude

-111.297

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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