406 Park AveAnaconda, MT 59711

Property Details for 406 Park Ave

Year built

1940

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

4,233 SF

Zone code

6

Property type

Office buildings

APN

30-1285-03-1-10-02-0000

APU

30128503110020000

Description

This exceptional executive office building, located at 406 E Park Avenue in Anaconda, Montana, presents a compelling investment opportunity. Built in 1940, this property sits on a 0.08-acre lot and is currently generating income through an existing lease agreement. The building features two levels, offering versatile space adaptable to various business needs. The main level is currently configured as office space but could easily be converted back to retail space, depending on the buyer's requirements. The property includes convenient features such as electric forced-air heating and central air conditioning, ensuring year-round comfort. Additional benefits include ample basement storage for inventory or records, and the added convenience of off-street parking. The property's address is 406 E Park Avenue, Anaconda, MT 59711. The asking price for this well-maintained and income-producing property is $495,000. This presents a rare chance to acquire a strategically located commercial property in the thriving Anaconda market. The property's location in Deer Lodge County provides easy access to local amenities and transportation routes. This is an excellent opportunity for investors seeking a stable, income-generating asset with significant potential for future growth and adaptation. The existing lease provides immediate return on investment, while the flexibility of the space allows for future customization to suit a variety of business models.

• CAP approach

  CAP return

  Valuation

  6%

  $757,010

  6.5%

  $698,779

  7%

  $648,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $902,518

  Geo Method

  $902,518

• Alternative Use

  Use

  Valuation

  Residential Income

  $866,486

  Hospitality / Lodging

  $793,696

  Institutional / Educational

  $660,346

  Healthcare / Senior Housing

  $683,056

  Retail / Commercial

  $1,027,205

Location Insight

City

Anaconda

County

Deer Lodge

State

Montana

Latitude

46.1288

Longitude

-112.948

Property Tax & Assessments

FAQs

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