101 Central AveGreat Falls, MT 59401
- Office properties
- 15,000 SF
Property Details for 101 Central Ave
- Year built
- 1895
- Construction
- WOOD
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 15,000 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 02-3015-12-2-18-01-0000
- APU
- 2301512218010000
Description
This exceptional Class A commercial property, located at 101 Central Avenue in Great Falls, Montana, presents a unique investment opportunity. Originally constructed in 1890 as a bank, this two-story building boasts 15,000 square feet of space and features several intact vaults. Substantially renovated in 1954, the building, formerly known as the Montana Power Building, is situated on a 0.17-acre lot and benefits from four distinct street addresses with individual access points. The ground floor is easily divisible into four separate commercial units, ideal for retail or office tenants. The second floor offers ample space for the development of approximately seven sizable apartments. This prime location within Great Falls' Central Business Historic District offers significant advantages, including its designation within an Opportunity Zone, Tax Increment Financing (TIF) District, and Business Improvement District (BID). All major utilities are connected, including electricity, natural gas, sewer, water, cable, and internet. The permitted zoning is commercial, allowing for diverse uses. The property is offered fee simple and is currently vacant, providing immediate occupancy for a new owner. This building has been highlighted in the Great Falls Downtown Visioning project as a key development opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,755,647
- 6.5%
- $2,543,674
- 7%
- $2,361,983
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,198,150
- Geo Method
- $3,198,150
-
Alternative Use
- Use
- Valuation
- Residential
- $3,154,156
- Hospitality
- $2,889,190
- Educational
- $2,403,772
- Medical
- $2,486,442
- Retail
- $3,739,201
Location Insight
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Latitude
- 47.5057
- Longitude
- -111.306
- CBSA code
- 24500
- CBSA name
- GREAT FALLS, MT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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