BIG PICTURE
Commercial
24900.00
FT2
0.24
ACRE
Description
An exceptional investment opportunity presents itself with this extensively renovated, income-generating mixed-use property within Livingston’s vibrant downtown core. Erected in 1906, the historically significant Montana Block Building is an iconic fixture along Main Street. Architectural Digest acknowledges Livingston as the 19th most beautiful Main Street in America. Encompassing 24,900 square feet, the main floor is comprised of ten units: eight distinct retail spaces, complemented by an ancillary workshop area, with garage door access via the ally, concealed behind one of the retail units, and an office space currently available for lease. Ascending to the second floor reveals thirteen residential units, comprising a mix of six studios and seven one-bedroom units. The building incorporates a full-height basement, which is underutilized, providing rental upside for new owners. Recently completed in 2022, a substantial second-floor renovation has reinvigorated the building, marked by the installation of a new membrane roof and skylights, an upgraded HVAC system servicing the second-story common area, and the integration of new mini-split systems across all residential units. This meticulous transformation includes revealing the original brick facades, installing new flooring, new kitchens, and updating bathrooms. Simultaneously, modernization efforts extended to include extensive plumbing and electrical upgrades, energy efficiency through attic insulation, and the installation of a fully integrated fire alarm system, which communicates with the local fire department. Each commercial space, except for a small office, and 12 of the 13 residential units are currently leased. The listing Agent must accompany any showings. Showings are only available to qualified buyers. DO NOT DISTURB TENANTS. Financials and leases can be provided with a signed NDA; see associated docs for NDA.PRICE
$4,750,000
FEATURES
- MLS #: 403287
- Lot: 10,500.00 sqft
- Commercial
- Built in 1906
- Cooling: Central Air, Wall Window Units
- Heating: Forced Air
- Price/sqft: $190.76
