901 8Th AveGreat Falls, MT 59401

Property Details for 901 8Th Ave

Year built

1973

Construction

WOOD

Lot size

0.69 AC

Property size (Sq ft)

6,547 SF

Property type

Banks

APN

02-3015-12-4-17-01-0000

APU

2301512417010000

Description

This exceptional mixed-use property in Great Falls, Montana, presents a compelling investment opportunity. Located at the highly visible corner of 8th Avenue N and 9th Street, the property boasts a substantial 7,500 square foot lot and benefits from a high traffic count of 8,241 vehicles daily (2023 average). The property comprises two distinct components: a commercial building and a residential rental unit. The 1,840 square foot commercial building offers a wide-open space ideal for a variety of business ventures, complemented by a small storage room and bathroom. It's zoned M-2, allowing for both residential and commercial uses. The residential unit, situated at the rear of the lot (809 9th St N), provides 1,904 square feet of living space, including a basement. This unit features two bedrooms (with the potential for a third), one bathroom, and convenient main floor laundry. An attached one-car garage provides additional convenience and features alley access. The property was built in 1962 and is offered at an asking price of $279,900. This unique offering combines the potential for strong rental income with the flexibility of a versatile commercial space, making it an attractive investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,768,037

  6.5%

  $1,632,034

  7%

  $1,515,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,517,632

  Geo Method

  $3,517,632

• Alternative Use

  Use

  Valuation

  Residential

  $1,376,682

  Hospitality

  $1,261,033

  Educational

  $1,049,165

  Medical

  $1,085,247

  Retail

  $1,632,034

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.4968

Longitude

-111.292

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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