303 Main StThompson Falls, MT 59873

  • Office buildings
  • 3,200 SF
For Sale
$750,000 View listing

Property Details for 303 Main St

Year built
1996
Construction
WOOD
Lot size
0.21 AC
Property size (Sq ft)
3,200 SF
Property type
Office buildings
APN
35-3091-08-1-46-04-0000
APU
35309108146040000

Description

This exceptional mixed-use commercial building, located at 303 E Main Street in historic downtown Thompson Falls, Montana, presents a phenomenal investment opportunity. Built in 1996, the property boasts 6400 square feet of heated interior space, perfectly divided into two 3200-square-foot levels. Each level features its own restrooms, offering convenience and privacy for tenants. The lower level includes a full kitchen with pantry, while the main level offers a kitchenette equipped with a double sink, microwave, dishwasher, and refrigerator. Currently 100% leased, this property provides immediate and consistent income. The building benefits from excellent street visibility and offers both street and private parking for tenants and visitors. The interior layout is flexible, with easily adaptable wall partitions allowing for customization to suit various business needs. The property is listed at $750,000. Detailed tenant information is available upon request. This is a rare chance to acquire a well-maintained, centrally located commercial property in a thriving Montana community. The property's prime location and current occupancy make it an attractive investment for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $587,822
    6.5%
    $542,604
    7%
    $503,847
  • Comparable approach

    Method
    Valuation
    Relative Method
    $682,272
    Geo Method
    $682,272
  • Alternative Use

    Use
    Valuation
    Residential
    $672,830
    Hospitality
    $616,308
    Educational
    $512,761
    Medical
    $530,396
    Retail
    $797,629

Location Insight

City
Thompson Falls
County
Sanders
State
Montana
Latitude
47.5931
Longitude
-115.342

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
$5,598
-
-
$441,700
-
$41,364
$400,336
$441,700

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