1531 National AveHelena, MT 59601

Property Details for 1531 National Ave

Year built

1885

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

7,460 SF

Property type

Office properties

Property subtype

Office buildings

APN

05-1888-30-1-34-10-0000

APU

5188830134100000

Description

This exceptional Helena, Montana commercial property, located at 1531 National Avenue, offers 14,920 square feet of versatile space ideal for a variety of business uses. Built in 1885, this 0.261-acre lot boasts a recently renovated building featuring a new roof, electrical system, insulation, drywall, city waterline, and PVC sewer line. The interior includes two bathrooms, a kitchenette, a freight elevator, ample parking, dedicated storage rooms, and several offices. The main level offers a spacious open floor plan. Its prime location just off Montana Avenue, between the railroad and downtown Helena, and adjacent to the Lewis and Clark Brewery, provides excellent visibility and accessibility. The property's zoning allows for retail, office, warehouse, or creative workspace uses, making it a highly attractive investment opportunity. The asking price is $1,150,000. This property presents a unique blend of historical charm and modern functionality, offering significant potential for a discerning buyer. The property's size and features make it suitable for a wide range of commercial ventures. Its convenient location ensures high visibility and easy access for both employees and customers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,334,112

  6.5%

  $1,231,488

  7%

  $1,143,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,590,547

  Geo Method

  $1,590,547

• Alternative Use

  Use

  Valuation

  Residential

  $1,527,045

  Hospitality

  $1,398,765

  Educational

  $1,163,756

  Medical

  $1,203,780

  Retail

  $1,810,288

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.6008

Longitude

-112.023

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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