1101 Central AveGreat Falls, MT 59401

Property Details for 1101 Central Ave

Year built

1954

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

3,419 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

02-3015-10-1-24-07-0000

APU

2301510124070000

Description

This exceptional mixed-use property, located at 1101 Central Avenue in Great Falls, Montana, presents a unique investment opportunity. The 0.344-acre lot houses a thriving, established "Korean Cup Bop" restaurant, complete with a drive-through window and ample seating both indoors and outdoors. The building, constructed in 1962, benefits from a highly visible Central Avenue location, a key advantage for attracting customers. The property includes approximately 22 off-street parking spaces, a significant asset in a busy downtown area. This turnkey operation offers the potential for immediate income generation, with the current owner willing to provide training to ensure a smooth transition. The sale includes both the successful business and the building itself, providing a comprehensive investment package. Situated near the growing and vibrant downtown Great Falls area, this property offers significant potential for expansion and increased profitability. The corner location at 11th and Central Avenue ensures high visibility and accessibility. The asking price for this exceptional opportunity is $670,000. This is a rare chance to acquire a well-established business with significant growth potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $713,422

  6.5%

  $658,543

  7%

  $611,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,713,068

  Geo Method

  $1,713,068

• Alternative Use

  Use

  Valuation

  Residential

  $718,938

  Hospitality

  $658,543

  Educational

  $547,900

  Medical

  $566,743

  Retail

  $852,289

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5081

Longitude

-111.331

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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