1962 Mt Highway 28Hot Springs, MT 59845

Property Details for 1962 Mt Highway 28

Year built

1997

Construction

WOOD

Lot size

4.86 AC

Property size (Sq ft)

3,168 SF

Property type

Turn key restaurants

APN

35-3223-36-3-01-10-0000

APU

35322336301100000

Description

This exceptional mixed-use property, situated on a generous 4.863-acre lot (211,832 sq ft) at 1962 Mt Highway 28 in Hot Springs, Montana, presents a compelling investment opportunity. Currently operating as a restaurant and bar, the property boasts existing structures in excellent condition, offering endless possibilities for redevelopment. The property features significant Highway 28 frontage with multiple convenient access points. A high-capacity artesian well and commercial septic system are already in place, eliminating significant infrastructure costs. The flat, usable land offers potential for expansion, with the possibility of acquiring additional acreage. Located just one mile from a lighted city airport and two miles from the renowned Hot Springs of Montana, this property benefits from a prime location in a charming, established town. The 1997-built structures provide a solid foundation for a variety of uses, from residential conversion to continued commercial operation. The sellers are open to exploring creative financing options or joint ventures, making this an attractive proposition for a wide range of investors. The property's zip code is 59845, and its coordinates are 47.6180173 latitude and -114.6249692 longitude, within Sanders County. This is a rare chance to acquire a substantial property with significant upside potential in a desirable Montana location.

• CAP approach

  CAP return

  Valuation

  6%

  $855,544

  6.5%

  $789,733

  7%

  $733,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,702,132

  Geo Method

  $1,702,132

• Alternative Use

  Use

  Valuation

  Residential

  $666,170

  Hospitality

  $610,208

  Educational

  $507,686

  Medical

  $525,146

  Retail

  $789,733

Location Insight

City

Hot Springs

County

Sanders

State

Montana

Latitude

47.6184

Longitude

-114.624

Property Tax & Assessments

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