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$ 1,350,000
Est. payment | /mo
8,268 SqFt
$ 1,350,000
Est. payment | /mo
8,268 SqFt
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,268 sqft
Price per Sqft $163
MLS Listing ID 30074830
HOA Y/N No
Year Built 1920
Annual Tax Amount $10,374
Tax Year 2025
Lot Size 1.590 Acres
Acres 1.59
Property Sub-Type Building/Land
Property Description
Commercial investment opportunity offering an attractive in-place cap rate with significant room for future growth. Located at 1223 Kaw Avenue in Butte, this 1.59-acre city lot is zoned CM and improved with three storage facilities consisting of 60 units, a large yard leased to a commercial company, and a substantial commercial building occupied by a long-term tenant. The commercial building is equipped with an elevator.
The commercial lease provides dependable income with annual base-rent escalations, while the tenant is responsible for property taxes, insurance, building maintenance, and other property-related expenses. The leased yard provides an additional established revenue stream, and the storage facilities generate current income with further upside available through increased occupancy and rental rates. The storage facilities are gated, monitored by security cameras, and receive security oversight.
Continue operating the property in its current configuration, increase storage revenue, or explore future development opportunities. With multiple income streams, favorable lease terms, flexible commercial zoning, an already attractive cap rate, and substantial potential for additional revenue, this property presents a versatile investment opportunity with significant upside. Competitively positioned to attract serious investor interest.
The commercial lease provides dependable income with annual base-rent escalations, while the tenant is responsible for property taxes, insurance, building maintenance, and other property-related expenses. The leased yard provides an additional established revenue stream, and the storage facilities generate current income with further upside available through increased occupancy and rental rates. The storage facilities are gated, monitored by security cameras, and receive security oversight.
Continue operating the property in its current configuration, increase storage revenue, or explore future development opportunities. With multiple income streams, favorable lease terms, flexible commercial zoning, an already attractive cap rate, and substantial potential for additional revenue, this property presents a versatile investment opportunity with significant upside. Competitively positioned to attract serious investor interest.
Location
State MT
County Silver Bow
Zoning Commercial
Interior
Interior Features InteriorFeatures
Flooring Concrete, Wood
Fireplace No
Exterior
Street Surface Asphalt
Garage No
Building
Foundation See Remarks
Others
Tax ID 01119724418300000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Millennium Real Estate & Management
Nearby Locations
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