72 Castner StBelt, MT 59412

Property Details for 72 Castner St

Year built

1896

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

6,000 SF

Property type

Retail space

APN

02-2895-26-1-17-26-0000

APU

2289526117260000

Description

This remarkable 9,000 square foot commercial building, located at 72 Castner Street in Belt, Montana's historic commercial district, presents a unique investment opportunity. Constructed in 1896 from locally quarried sandstone, this two-story structure stands as a testament to Belt's transition from a mining camp to a thriving town. Its architectural significance is undeniable, featuring an original pressed cornice, pediment, and storefront, all beautifully preserved. The building's metalwork proudly displays the date 1896 and the original business name, "BELT HARDWARE CO, HARNESS, FARM IMPLEMENTS and VEHICLES," showcasing its rich history. As one of the anchor buildings in the district, it retains a high degree of integrity and is considered a key contributing structure to Belt's historical landscape. The 0.06-acre lot provides ample space for various commercial uses. The building's substantial size and prime location within the historic district offer significant potential for adaptive reuse and redevelopment, making it an exceptional opportunity for investors seeking a piece of Montana history. The property is listed at $325,000. This is a rare chance to own a piece of Montana's vibrant past and shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $1,620,293

  6.5%

  $1,495,655

  7%

  $1,388,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,223,735

  Geo Method

  $3,223,735

• Alternative Use

  Use

  Valuation

  Residential

  $1,261,641

  Hospitality

  $1,155,656

  Educational

  $961,492

  Medical

  $994,560

  Retail

  $1,495,655

Location Insight

City

Belt

County

Cascade

State

Montana

Latitude

47.3875

Longitude

-110.928

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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