422 S Main Street | 422 S Main St
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422 S Main Street 422 S Main St
24,680 SF 100% Leased Office Building Livingston, MT 59047 $2,990,000 ($121/SF) 6.67% Cap Rate
Investment Highlights
- Multi-Use Building
- Exceptional Location!
- Commercial & Residential Units
Executive Summary
INVESTORS! 422 South Main is truly a unique opportunity. This multi-use building includes commercial units on the first floor and eight residential units on the second. The garage underneath houses 18 parking spots behind an automatic door with a CO2 exhaust system and a heated ramp for the winter months. Tenants may make use of two automatic lift chairs to access the upper floors. Commercial clients utilize 38 parking spaces outside with wheelchair ramp and ADA doors. The exceptional location next to schools and downtown makes this a rare offering. This building has an excellent rental history with little turnover and strong cash flow. Make sure to visit the virtual tour at: https://my.matterport.com/show/?m=keaxtqTnZqg&mls=1
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
24,680 SF
Building Class
B
Year Built
1980
Price
$2,990,000
Price Per SF
$121
Cap Rate
6.67%
NOI
$199,382
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,340 SF
Building FAR
0.74
Lot Size
0.76 AC
Zoning
CBD - CALL - Call Listing Agent for Details
Parking
56 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 49-0802-13-4-04-06-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,305,800 |
PROPERTY TAXES
Parcel Number
49-0802-13-4-04-06-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,305,800
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422 S Main Street | 422 S Main St
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