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1109 6th Ave N - Redevelopment Property for SALE

68,925 SF Health Care Building Offered at $1,600,000 in Great Falls, MT 59401

Investment Highlights

  • Redevelopment Opportunity
  • Former Retirement Community
  • Half a city block
  • Commercial Kitchen

Executive Summary

Redevelopment opportunity at the former Cambridge Place Retirement Community. Approx. 68,925 SF of interior space on approx. 1.265-acre lot. Built in 1929; remodeled in 1985 with steel studs throughout. Updates 2021-current. 10’-16’ wall height. Paved, off-street parking lot with security fencing. Some new windows and a security system with motion sensors. Zoned R-6 Multi-Family High Density; Buyer to verify its intended use with City. 2023 Taxes: $6,985.26. Structurally sound. Phase I & II, sprinkler bid, historic property records, and architectural drawings for 80+ living units available. Commercial kitchen. 2 elevators (one needs a complete upgrade; other needs belts). Cable ran to all rooms. ADA compliant doorways. Some mold remediation needed. The seller is actively working to clean up the property.
***Discretion Advised: Offensive graffiti on premises from vandals.
*** Discretion Advised: Health-sensitive individuals should use precaution.
ALL OFFERS WILL BE CONSIDERED. Being sold As-Is, Where-Is. Please allow at least 24 hours to schedule showings. The seller will turn power on and deactivate the alarm system for each showing.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,600,000
Price Per Bed $1,600,000
Sale Type Owner User
Sale Conditions Redevelopment Project
Property Type Health Care
Property Subtype Assisted Living
Building Class B
Lot Size 1.84 AC
Building Size 68,925 SF
No. Beds 1
No. Stories 6
Year Built 1929
Parking Ratio 0.45/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-3015-01-4-26-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$500,000
  • Listing ID: 31939956

  • Date on Market: 5/28/2024

  • Last Updated:

  • Address: 1109 6th Ave N, Great Falls, MT 59401

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