302 7Th AveBozeman, MT 59715

Property Details for 302 7Th Ave

Year built

1970

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

4,500 SF

Zone code

B-2

Property type

Turn key restaurants

APN

06-0798-12-1-33-08-0000

APU

6079812133080000

Description

This exceptional 4,500-square-foot restaurant space is ideally situated on North 7th Avenue, boasting high visibility and a prominent location in Bozeman. Currently vacant, this single-tenant property sits on an 11,500-square-foot lot and is zoned B2M. The space offers a large dining room perfect for accommodating numerous guests, complemented by a private dining room for more intimate gatherings and a welcoming reception area. The expansive, well-equipped kitchen is a chef's dream, featuring ample storage and prep space to handle high-volume service. The building's character is enhanced by exposed brick and hardwood details, creating a unique and inviting atmosphere. This restaurant space presents a remarkable opportunity to collaborate with the adjacent Sapphire Motel, a newly renovated 47-room motor lodge with a rich history in Bozeman. The collaboration potential offers significant synergy and access to a built-in customer base. Select furniture, fixtures, and equipment (FF&E) are included in the lease terms. A breakfast service is a requirement for any tenant. Tenant improvements (TIs) are negotiable for qualified candidates. This is a rare chance to establish a thriving restaurant business in a highly desirable location with a strong existing infrastructure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,182,996

  6.5%

  $1,091,996

  7%

  $1,013,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,417,802

  Geo Method

  $2,417,802

• Alternative Use

  Use

  Valuation

  Residential

  $921,140

  Hospitality

  $843,759

  Educational

  $701,998

  Medical

  $726,140

  Retail

  $1,091,996

Location Insight

City

Bozeman

County

Gallatin

State

Montana

Latitude

45.6822

Longitude

-111.046

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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