72 Castner StBelt, MT 59412

  • Retail properties
  • 6,000 SF
For Sale
$325,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
72 Castner St, Belt, Montana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,745
-
-
$321,900
-
$29,600
$292,300
$321,900

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