213 Main StHot Springs, MT 59845

Property Details for 213 Main St

Year built

1920

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

3,042 SF

Property type

Bars

Property subtype

Pubs

APN

35-3096-04-4-31-11-0000

APU

35309604431110000

Description

This exceptional opportunity presents a well-established restaurant and bar for sale in the vibrant heart of Hot Springs, Montana. Located just a block from the renowned mineral soak and historic hotel on a 0.16-acre lot at 213 Main Street, this business boasts a 15-year history of consistent year-round revenue and a loyal customer base. The property, built in 1940, features a dining room with multiple heat sources including a wood-burning insert, propane forced air, and efficient mini-split heating and cooling systems. Solid wood floors grace the dining area, complemented by recently updated barstools. A fully equipped kitchen, complete with dependable and well-maintained equipment, is enhanced by a dedicated bakery and ample storage space. The roof was recently replaced in 2019 and carries a 12-year warranty. This turnkey operation offers a unique chance to own a thriving business in a desirable Montana location. The asking price is $449,000. This is a special purpose property with significant potential for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $821,508

  6.5%

  $758,315

  7%

  $704,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,634,434

  Geo Method

  $1,634,434

• Alternative Use

  Use

  Valuation

  Residential

  $639,667

  Hospitality

  $585,932

  Educational

  $487,488

  Medical

  $504,254

  Retail

  $758,315

Location Insight

City

Hot Springs

County

Sanders

State

Montana

Latitude

47.6082

Longitude

-114.671

Property Tax & Assessments

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