1602 Beall StBozeman, MT 59715

Property Details for 1602 Beall St

Year built

1971

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

3,905 SF

Zone code

5

Property type

Retail space

APN

06-0798-12-2-11-05-0000

APU

6079812211050000

Description

This exceptional 3,904 square foot commercial property, situated on a 0.31-acre lot in the heart of Bozeman, Montana, presents a unique investment opportunity. The building, currently zoned B2 Community Business District, offers remarkable flexibility. Its existing configuration allows for division into two independent spaces, each equipped with its own gas and electric meters, providing potential for dual occupancy or separate leasing. The property includes two bathrooms, a kitchen, and an additional room, adding to its versatility. A rear fence enhances privacy and security. The building features a dual-zone hydronic heating system for efficient climate control. The B2 zoning permits a variety of uses, including retail, commercial, and office spaces, with residential units exclusively allowed on upper floors. Recent city zoning updates significantly enhance the property's potential for a multi-story mixed-use development, making it an attractive prospect for investors seeking to capitalize on Bozeman's thriving market. The property's central location and adaptable design make it an ideal candidate for a range of commercial and residential ventures. While developing a standalone multi-household residential building would require separate City Commission approval, the existing structure and zoning provide a strong foundation for a variety of profitable uses. The asking price is $1,350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,026,578

  6.5%

  $947,610

  7%

  $879,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,098,114

  Geo Method

  $2,098,114

• Alternative Use

  Use

  Valuation

  Residential

  $799,345

  Hospitality

  $732,195

  Educational

  $609,178

  Medical

  $630,129

  Retail

  $947,610

Location Insight

City

Bozeman

County

Gallatin

State

Montana

Latitude

45.6819

Longitude

-111.058

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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