5895 U.S. Highway 93$1,395,000
Whitefish, MT
2137.00 SF, 1.20 ACRES
$1,395,000
Property Details
BIG PICTURE
Commercial
2137.00
FT2
1.20
ACRES
Description
Exceptional investment and development opportunity located at the highly visible entrance to Whitefish, Montana, at the prominent intersection of Highway 40 and Highway 93. Positioned on approximately 1.2 acres, this prime commercial property offers outstanding exposure, strong traffic counts, and significant long term upside in one of the Flathead Valley’s fastest growing corridors. Currently located in the county with flexible zoning potential, the property is bordered by Whitefish city utilities, creating an ideal opportunity for future redevelopment. Existing improvements include a 2,137sqft mixed use building featuring retail/commercial space on the lower level with a residential apartment above, along with a separate fully furnished studio apartment currently operating as a short-term rental. The property is uniquely structured as a four unit condo development, consisting of two residential units, the retail/commercial space, and an additional condo unit tied to the vacant portion of the land for future development potential. The condo structure may remain in place or be dissolved, offering flexibility for a variety of investment or redevelopment strategies. This asset provides multiple income producing opportunities while future plans are explored. Continue generating revenue from the existing improvements, develop the remaining land, or fully reposition the site to maximize its highest and best use. Strategically located adjacent to the brand new Alpine development featuring approximately 210 multifamily units and 15,000 square feet of retail space the property is well positioned to benefit from substantial nearby growth and increasing demand in the area. Rare opportunity to acquire a highly visible commercial corner with existing income, utility access, flexible development options, and exceptional long term potential in one of Montana’s most desirable and rapidly expanding markets.PRICE
$1,395,000
FEATURES
- MLS #: 30070965
- Lot: 52,272.00 sqft
- Commercial
- Cooling: Window Units
- Heating: Wall Furnace
- Price/sqft: $652.78
Listing information is Copyright 2022 Montana Regional MLS. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified.