1616 Lewis StHelena, MT 59601

Property Details for 1616 Lewis St

Year built

1999

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

3,440 SF

Property type

Showrooms

APN

05-1888-29-2-30-07-0000

APU

5188829230070000

Description

This exceptional 3,440 square foot commercial property, situated on a 0.45-acre lot at 1616 Lewis Street in Helena, Montana, presents a unique investment opportunity. Previously occupied by Helena Food Share, this building boasts a highly desirable location with easy access and excellent visibility. The layout offers a flexible floor plan, with approximately 680 square feet dedicated to office space and the remaining 2,760 square feet adaptable for storage, shop space, or a combination thereof. This adaptability makes it suitable for a wide range of businesses. A significant advantage is the convenient rear loading dock, easily accessible from Railroad Avenue, perfect for shipping and receiving operations. The front of the building, facing Lewis Street, provides excellent customer access. Minor reconditioning is recommended to prepare the space for a new occupant. Located in Helena's vibrant 6th Ward, this property benefits from a diverse and growing neighborhood encompassing businesses, residential areas, and small shops. The property's versatility, prime location, and potential for various uses make it an attractive option for owner-users or investors seeking a strong return. This is a chance to establish your business in a thriving area of Helena. Don't miss this opportunity to secure a flexible and well-positioned commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $904,335

  6.5%

  $834,771

  7%

  $775,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,848,275

  Geo Method

  $1,848,275

• Alternative Use

  Use

  Valuation

  Residential

  $704,160

  Hospitality

  $645,007

  Educational

  $536,638

  Medical

  $555,094

  Retail

  $834,771

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.5991

Longitude

-112.012

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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