1223 Kaw Avenue$1,350,000
Butte, MT
8268.00 SF, 1.59 ACRES
$1,350,000
Property Details
BIG PICTURE
Commercial
8268.00
FT2
1.59
ACRES
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.PRICE
$1,350,000
FEATURES
- MLS #: 30074830
- Lot: 69,260.40 sqft
- Commercial
- Built in 1920
- Price/sqft: $163.28
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