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501 First Ave N - Montana Building

1,672 SF Office Condo Unit Offered at $355,000 in Great Falls, MT 59401

Lofts Montana Great Falls 501 First Ave N, Great Falls, MT 59401

Investment Highlights

  • High Foot Traffic
  • Concrete Columns, Beams, & Floors
  • Fire Sprinklers

Property Facts

Price $355,000 Building Class C
Unit Size 1,672 SF Floors 4
No. Units 1 Typical Floor Size 6,654 SF
Total Building Size 26,616 SF Year Built 1930
Property Type Office (Condo) Lot Size 0.26 AC
Property Subtype
Loft/Creative Space
  • General Retail Bank
  • General Retail Storefront
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment NNN Sale Conditions 1031 Exchange
Price $355,000
Unit Size 1,672 SF
No. Units 1
Total Building Size 26,616 SF
Property Type Office (Condo)
Property Subtype
Loft/Creative Space
  • General Retail Bank
  • General Retail Storefront
  • General Retail Storefront Retail/Residential
Sale Type Investment NNN
Building Class C
Floors 4
Typical Floor Size 6,654 SF
Year Built 1930
Lot Size 0.26 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions 1031 Exchange

1 Unit Available

Unit 111

Unit Size 1,672 SF Cap Rate 8.30%
Price $355,000 NOI $29,465
Price Per SF $212.32 Sale Conditions 1031 Exchange
Condo Use Office APN/Parcel ID 0000616270
Sale Type Investment
Unit Size 1,672 SF
Price $355,000
Price Per SF $212.32
Condo Use Office
Sale Type Investment
Cap Rate 8.30%
NOI $29,465
Sale Conditions 1031 Exchange
APN/Parcel ID 0000616270
Description

1,672 sq. ft. Commercial Condo unit with 1,372 sq. ft. main floor and 300 sq. ft. loft. Unit has many upgrades including: fully renovated 2023-2024 including new windows, conference room, custom shelving, and new roof. The unit has new HVAC furnace, private bathroom, and wet bar in the unit. Enjoy the space as a passive investment, or a Live-Work space that convienient to everything downtown and has exceptional views of the courthouse. Take the next step towards your own retail book-of-business storefront, or worry-free investment. Showing by appointment only.

Sale Notes

3 year lease (term 2027) with 2 year renewal option.

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Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code C (Business Improvement District, Tax Increment Financing DIstrict, Historically contributing)
C (Business Improvement District, Tax Increment Financing DIstrict, Historically contributing)

NNN Tenant Information

TENANT SF OCCUPIED LEASE END DATE
Clearwater Credit Union 1,672 SF June 2027
Crooked Tree Coffee & Cakes 1,468 SF August 2026
Fire Artisan Pizza 2,145 SF November 2034
(406) 750-8052

Contact

  • Brendan Whitcomb
    Brendan Whitcomb
  • Brendan Whitcomb

  • Listing ID: 34035065

  • Date on Market: 11/29/2024

  • Last Updated:

  • Address: 501 First Ave N, Great Falls, MT 59401

More public record information on 501 First Ave N, Great Falls, MT 59401

The Office Property at 501 First Ave N, Great Falls, MT 59401 is currently available for sale. Contact Brendan Whitcomb for more information.

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501 First Ave N, Great Falls, MT for sale Building Photo- Image 1 of 6
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501 First Ave N, Great Falls, MT for sale Interior Photo- Image 2 of 6
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501 First Ave N, Great Falls, MT for sale Interior Photo- Image 3 of 6
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501 First Ave N - Montana Building
(406) 750-8052 x

501 First Ave N - Montana Building

Brendan Whitcomb

(406) 750-8052

(406) 750-8052

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