811 1St StHamilton, MT 59840

  • Investment properties
  • 1,568 SF
For Sale
$495,000 View listing

Property Details for 811 1St St

Year built
1958
Construction
WOOD
Lot size
0.27 AC
Property size (Sq ft)
1,568 SF
Property type
Investment properties
Property subtype
Live-work space
APN
13-1467-36-1-10-02-0000
APU
13146736110020000

Description

This mixed-use property at 811 S 1st Street, Hamilton, MT 59840, offers a compelling investment opportunity. Built in 1958, the building sits on an expansive 11,761 square foot lot and is currently listed at $495,000. The property boasts a highly desirable location on Hamilton's south side, benefiting from excellent traffic flow. Recent renovations within the last three months have modernized the space, presenting a fresh and updated aesthetic. The layout is adaptable, having previously housed two separate businesses and offering the potential for similar configurations in the future. Features include gas forced-air heating, ample off-street parking, two garage bays, a convenient handicap access ramp, two half-bathrooms, abundant natural light from numerous windows, and paved parking with alley access. The property is zoned for commercial use, providing flexibility for a variety of businesses. Owner financing options are available, contingent on acceptable terms and a substantial down payment. This is an exceptional chance to acquire a well-situated, versatile commercial property in a thriving Montana community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $280,414
    6.5%
    $258,844
    7%
    $240,355
  • Comparable approach

    Method
    Valuation
    Relative Method
    $334,313
    Geo Method
    $334,313
  • Alternative Use

    Use
    Valuation
    Residential
    $320,966
    Hospitality
    $294,003
    Educational
    $244,607
    Medical
    $253,020
    Retail
    $380,500
811 1St St, Hamilton, Montana

Location Insight

City
Hamilton
County
Ravalli
State
Montana
Latitude
46.2388
Longitude
-114.155

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
$4,276
-
-
$336,600
-
$134,133
$202,467
$336,600

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