410 Colorado Ave
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410 Colorado Ave
59,044 SF 100% Leased Office Building Laurel, MT 59044 $1,180,000 ($20/SF)
Investment Highlights
- Ideal Multifamily Redevelopment Opportunity
Executive Summary
*For Sale $1,180,000 ($20 PSF)
*2 Buildings Totaling 59,050 SF
*Currently Occupied by the Laurel Public Schools
*School is 50,454 SF
*Auditorium is 7,900 SF
*90,000 SF Lot
*Zoned Residential 6000
*Built in 1910
*Ideal Multifamily Redevelopment Opportunity
410 Colorado Avenue is located in the heart of Laurel, MT and is the perfect multifamily or residential condo redevelopment project. Listed at $20 PSF, a buyer has the opportunity to purchase land and building “shell” for significantly less than what new construction costs today. The City of Laurel is rapidly growing and currently has a shortage of apartment rentals or condos. Laurel Public Schools current occupies a small portion of the building and would need to work out an exit strategy or short term lease back with a potential buyer.
*2 Buildings Totaling 59,050 SF
*Currently Occupied by the Laurel Public Schools
*School is 50,454 SF
*Auditorium is 7,900 SF
*90,000 SF Lot
*Zoned Residential 6000
*Built in 1910
*Ideal Multifamily Redevelopment Opportunity
410 Colorado Avenue is located in the heart of Laurel, MT and is the perfect multifamily or residential condo redevelopment project. Listed at $20 PSF, a buyer has the opportunity to purchase land and building “shell” for significantly less than what new construction costs today. The City of Laurel is rapidly growing and currently has a shortage of apartment rentals or condos. Laurel Public Schools current occupies a small portion of the building and would need to work out an exit strategy or short term lease back with a potential buyer.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
59,044 SF
Building Class
C
Year Built
1910
Price
$1,180,000
Price Per SF
$20
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
19,681 SF
Building FAR
0.66
Lot Size
2.07 AC
Zoning
Residential 6000
Amenities
- Reception
- Storage Space
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Laurel Public Schools
- Educational Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Laurel Public Schools | Educational Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 03-0821-09-4-22-01-0000 | Improvements Assessment | $5,195,480 |
| Land Assessment | $342,066 | Total Assessment | $5,537,546 |
PROPERTY TAXES
Parcel Number
03-0821-09-4-22-01-0000
Land Assessment
$342,066
Improvements Assessment
$5,195,480
Total Assessment
$5,537,546
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410 Colorado Ave
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