Commercial Real Estate for Sale at 1900 N Last Chance Gulch in Helena, MT for $1,395,000

1900 N Last Chance Gulch | Helena

$1,395,000

12 unit commercial building with varying unit sizes to accommodate different types of businesses. Long term tenants with only 2 units vacant. Filling the remaining 2 units will increase return on this investment to nearly 10% cap rate with current cap rate of 7.95%. Current owner has maintained the building nicely for several years and is filling the current vacancies. One tenant is a dispensary, but we have a bank willing to look at financing the next owner with dispensary tenant in place. Other tenants include: commercial kitchen, professional photographer, salon. The B-2 (general commercial) district provides for compatible residential uses and a broad range of commercial and service uses that serve large areas of the City and that are normally required to sustain a community. High traffic count with mountain views. Close to campus and downtown. MTR 30000731

Directions to property: Corner of N last chance gulch and Villard

MLS Listing ID: 
MTR 30000731
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,395,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Helena
Address: 
1900 N Last Chance Gulch, Helena, MT 59601, US
County: 
Lewis and Clark
Latitude: 
46.6045117
Longitude: 
-112.0261839
Building Details
Details about the building on a property.
Year Built: 
1949
Construction
Foundation Details: 
Concrete Perimeter, Poured, Slab, Basement
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.27
Lot Size (Area): 
11,979
View: 
City, Mountain(s)
Waterfront: 
0
Public Record
Parcel Number: 
05188819406120000
Property Zoning: 
Business
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow, Subject
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Jason P. Mascari
Listing Office Name: 
Montana Land Buyer Realty