27 Canyon StWest Yellowstone, MT 59758

  • Retail properties
  • 6,931 SF
For Sale
$11,950,000 View listing

Property Details for 27 Canyon St

Year built
1985
Construction
WOOD
Lot size
0.34 AC
Property size (Sq ft)
6,931 SF
Zone code
6
Property type
Retail properties
Property subtype
Super regional malls
APN
06-0062-34-1-02-16-0000
APU
6006234102160000

Description

This exceptional 6,931 square foot retail property, situated on Canyon Street in West Yellowstone, Montana, presents a unique investment opportunity. Located on the main entry corridor to Yellowstone National Park's busiest entrance, this multi-tenant shopping center boasts prime retail frontage at the park's west gate. Currently configured to accommodate six distinct tenants, the property includes designated rear parking. Built in 1985, this 0.344-acre lot (APN: RRG16854) offers a compelling combination of high visibility and convenient access. With nearly 4.8 million visitors to Yellowstone National Park in 2021 and recent state funding allocated for West Yellowstone Airport expansion, this location benefits from significant tourism and projected growth. The property's proximity to other Montana destinations, including Big Sky (approximately 50 minutes south) and Bozeman (approximately 1 hour and 50 minutes), further enhances its appeal. The asking price is $11,950,000, translating to $1,724.14 per square foot. This property is ideal for investors seeking a strong return in a high-traffic, tourism-driven market. The zip code is 59758.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,822,077
    6.5%
    $1,681,917
    7%
    $1,561,780
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,723,952
    Geo Method
    $3,723,952
  • Alternative Use

    Use
    Valuation
    Residential
    $1,418,760
    Hospitality
    $1,299,577
    Educational
    $1,081,232
    Medical
    $1,118,418
    Retail
    $1,681,917
27 Canyon St, West Yellowstone, Montana

Location Insight

City
West Yellowstone
County
Gallatin
State
Montana
Latitude
44.6602
Longitude
-111.099
CBSA code
14580
CBSA name
BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,973
-
-
$2,482,979
-
$1,850,709
$632,270
$2,482,979

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