234 Lyndale AveHelena, MT 59601

Property Details for 234 Lyndale Ave

Year built

1900

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,229 SF

Property type

Investment properties

Property subtype

Live-work space

APN

05-1888-30-1-23-15-0000

APU

5188830123150000

Description

This exceptional mixed-use property at 234 E Lyndale Avenue in Helena, Montana, presents a unique investment opportunity. Built in 1900, this three-unit building sits on a substantial 6,098 square foot lot and is offered at $424,000. The property comprises two separate buildings, offering versatile usage options. One building currently operates as a residential rental unit, easily adaptable for business office use. The second building is equipped as a commercial kitchen, ideal for a coffee shop, retail establishment, or similar venture. Adding to the property's appeal is a two-bedroom apartment above the main floor of one building, accessible via a separate entrance. Ample parking is available, and the property benefits from excellent street visibility, enhancing its commercial potential. The property's configuration allows for diverse uses, including owner-occupancy with a separate business, or a purely investment-focused strategy with all three units leased. This prime Helena location and the property's flexible layout make it an attractive proposition for discerning investors seeking a high-return opportunity. The property's zip code is 59601, and it is located in Lewis and Clark County.

• CAP approach

  CAP return

  Valuation

  6%

  $219,789

  6.5%

  $202,882

  7%

  $188,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,035

  Geo Method

  $262,035

• Alternative Use

  Use

  Valuation

  Residential

  $251,574

  Hospitality

  $230,440

  Educational

  $191,723

  Medical

  $198,317

  Retail

  $298,236

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.5984

Longitude

-112.026

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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