115 Dewey AveEureka, MT 59917

Property Details for 115 Dewey Ave

Year built

1910

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

4,905 SF

Property type

Retail space

APN

56-4823-14-2-02-19-0000

APU

56482314202190000

Description

This mixed-use commercial property, located at 115 Dewey Avenue in Eureka, Montana, presents a unique investment opportunity. Built in 1910, the building sits on a 0.15-acre lot and features two units. Currently leased on a month-to-month basis, this property offers immediate income potential. The building boasts a large footprint, situated on a main street location in Eureka. Convenient parking is available on an adjacent vacant lot, although it operates on a first-come, first-served basis. Adding to the property's versatility, there is a partially finished apartment located in the upper rear of the building, offering potential for expansion or additional rental income. The property's address is 115 Dewey Avenue, Eureka, MT 59917. Note that an adjoining parcel, 113 Dewey Avenue, is also available for purchase, increasing the total investment to $640,000. This presents a compelling opportunity to acquire a significant commercial presence in the heart of Eureka.

• CAP approach

  CAP return

  Valuation

  6%

  $1,360,647

  6.5%

  $1,255,982

  7%

  $1,166,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,635,404

  Geo Method

  $2,635,404

• Alternative Use

  Use

  Valuation

  Residential

  $1,059,468

  Hospitality

  $970,467

  Educational

  $807,417

  Medical

  $835,185

  Retail

  $1,255,982

Location Insight

City

Eureka

County

Lincoln

State

Montana

Latitude

48.8794

Longitude

-115.053

Property Tax & Assessments

FAQs

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