120 2Nd StHamilton, MT 59840

Property Details for 120 2Nd St

Year built

1930

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

6,100 SF

Zone code

1

Property type

Retail space

APN

13-1467-25-4-50-11-0000

APU

13146725450110000

Description

This exceptional mixed-use property, the Roxy Building, presents a unique investment opportunity in Hamilton, Montana. Built in 1930 and situated on a 6,665 square foot lot at 120 N 2nd Street, this building offers a blend of commercial and residential income streams. The asking price is $744,000. The property's recent renovations include a remodeled residential apartment currently generating rental income. The ground floor currently houses an axe-throwing business, showcasing the building's adaptability. A large theater space in the rear offers significant potential for creative entrepreneurial ventures. The building's historic downtown location provides excellent visibility and access to local amenities. This is a chance to acquire a well-positioned, partially renovated property with immediate income potential and significant upside for future development. The property's mixed-use nature allows for diverse income streams and creative business opportunities. The existing tenants and rental income provide a solid foundation for a strong return on investment. This is an ideal opportunity for investors seeking a hands-on project with substantial potential for growth and profitability in a vibrant Montana town. The property's size and location make it an attractive investment for both seasoned and emerging investors. Further development and finishing touches will enhance the property's value and rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $1,603,617

  6.5%

  $1,480,262

  7%

  $1,374,529

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,277,464

  Geo Method

  $3,277,464

• Alternative Use

  Use

  Valuation

  Residential

  $1,248,656

  Hospitality

  $1,143,762

  Educational

  $951,597

  Medical

  $984,324

  Retail

  $1,480,262

Location Insight

City

Hamilton

County

Ravalli

State

Montana

Latitude

46.2478

Longitude

-114.157

Property Tax & Assessments

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