$4,200,000
1120 9th Street South
Great Falls, MT 59405
MLS# 22018924
Status: Pending
29162 sqft


1120 9th Street South, Great Falls, MT 59405
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Property Description
Upon entering the scenic town of Great Falls, MT, driving down HWY 87 you'll find a property in the middle of the bustling main road. Nestled near the Holiday Village Mall, this limited-service 64-unit hotel is within walking distance of major retailers and restaurants such as Scheel's, JCPenny, Café Rio, Starbucks, Wheat Montana and more. Less than 5 miles from Malmstrom Air Force Base and less than 2 miles each of University of Providence, College of Great Falls-MSU, and Benefis Hospital, this centrally located property is currently listed at an 8% capitalization rate. Most Recent Property Improvement Plan has been complete which includes: New Roof Two sets of automatic doors New tile and flooring in entire building Entire replacement of FF&E

Details
Maps
Contract Data
Current Price: $4,200,000
Property Sub-Type: Commercial
Listing Date: 2020-12-03
List Price: $4,200,000
List Price/SqFt: 144.02
Sellers Preferred Title Company: Chicago
Agent Owned: No
REO/Bank Owned: No
Sold Data
Status: Pending
Under Contract Date: 2021-03-27
Potential Short Sale: No
General Property Description
Square Feet Estimate: Over 20000
Total Sq. Ft.: 29162
Number Of Units: 64
Business Name: Comfort Inn
Year Built: 1992
Lot Acres: 0.86
Lot SqFt.: 37500
Waterfront: None
Legal and Taxes
Covenant: Unknown
Zoning: C-2
Taxes: 74043.77
Tax Year: 2020
Legal: GREAT FALLS FIFTEENTH ADDITION, S13, T20 N, R03 E, BLOCK 002, Lot 010
Location
House Number: 1120
Street Name: 9th
Street Suffix: Street
Street Direction Sfx: South
State: MT
Zip Code: 59405
County: Cascade
Country: United States
City Limits: Yes
Geo Lat: 47.492403
Geo Lon: -111.293156
Property Features
Terms Of Sale: Cash; Conventional; SBA
Offering: For Sale Bldg./Land
Present Usage: Lodging
Occupancy: Fully Leased
Gross Annual Income: Over $1 Million
Age: Over 20 Years
Condition: Good
Stories Above Ground: Three Or More
Construction: Wood/Frame
Floors: Carpeting; Tile

Listing Office: ERA Advantage Realty, Inc.

Listing Agent: Andreas Geranios

Last Updated: March - 27 - 2021

1120 9th Street South, Great Falls, MT 59405 - MLS# 22018924

IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Sunday 11th of April 2021 06:34 PM