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281 1st Avenue WN

Kalispell, MT 59901
  • $2,495,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 22210489
Price Reduced
$2,495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,020
    SQFT
  • $621
    $/SQFT
Type:
Commercial
Built:
2007
County:
Area:

School Ratings & Info

School District:

Description

Mixed use building with six luxury residential suites and two office suites located in the heart of Kalispell, Montana, a gateway community to Glacier National Park. 4.5 cap rate can go higher. Original architect has recently completed building plans for converting office spaces into two more residential suites for a total of eight residential suites. This could potentially increase income by 20% or more. Six residential suites are fully furnished including equipped kitchens, large bedrooms with king size beds, family rooms with sleeper sofa beds. Security cameras and keyless electronic locks on all guest doors. Original owner/seller has operated business as boutique/extended stay hotel for 14 years. Call Kent Lembke 406-250-2809 or your real estate professional. Broker owned.Advertising done through proprietary website, OTAs, Discover Kalispell Visitors Bureau, Facebook. High Google Search position. Located close to Logan Health formerly (KRMC) and walking distance to Historic Downtown Kalispell with easy access to restaurants, breweries, shopping, famous Moose's Saloon, golf courses, fitness centers, and nearby newly constructed bike/pedestrian pathway. Centrally located in the Flathead Valley near the resort town of Whitefish and Glacier National Park. Lodging business caters to seasonal tourists as well as extended stay guests such as traveling nurses/doctors, and other medical, business professionals. Also, substantial business from people in housing transition situations. Potential for more income based on a business model utilizing OTAs. All information contained herein is gathered from sources deemed reliable however, it is not guaranteed by Broker or Smart Seller Systems, LLC dba America Interactive Real Estate. Offering is subject to error, omissions, prior sale, change or withdrawal w/out notice & approval of the purchase with the owner. Seller is licensed RE Broker in MT and AZ.

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© 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. Data last updated: 2022-09-25T00:22:17.953.
www.montanapropertyangels.com/homes/131022127
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281 1st Avenue WN Kalispell, MT 59901

  • Price: $2,495,000
  • Status: Active
  • On Site: 68 Days
  • MLS #: 22210489
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,020
SQFT
$621
$/SQFT
2007
Built
County:
Flathead
Area:
Kalispell
School District:
District No. 5
Property Description
Mixed use building with six luxury residential suites and two office suites located in the heart of Kalispell, Montana, a gateway community to Glacier National Park. 4.5 cap rate can go higher. Original architect has recently completed building plans for converting office spaces into two more residential suites for a total of eight residential suites. This could potentially increase income by 20% or more. Six residential suites are fully furnished including equipped kitchens, large bedrooms with king size beds, family rooms with sleeper sofa beds. Security cameras and keyless electronic locks on all guest doors. Original owner/seller has operated business as boutique/extended stay hotel for 14 years. Call Kent Lembke 406-250-2809 or your real estate professional. Broker owned.Advertising done through proprietary website, OTAs, Discover Kalispell Visitors Bureau, Facebook. High Google Search position. Located close to Logan Health formerly (KRMC) and walking distance to Historic Downtown Kalispell with easy access to restaurants, breweries, shopping, famous Moose's Saloon, golf courses, fitness centers, and nearby newly constructed bike/pedestrian pathway. Centrally located in the Flathead Valley near the resort town of Whitefish and Glacier National Park. Lodging business caters to seasonal tourists as well as extended stay guests such as traveling nurses/doctors, and other medical, business professionals. Also, substantial business from people in housing transition situations. Potential for more income based on a business model utilizing OTAs. All information contained herein is gathered from sources deemed reliable however, it is not guaranteed by Broker or Smart Seller Systems, LLC dba America Interactive Real Estate. Offering is subject to error, omissions, prior sale, change or withdrawal w/out notice & approval of the purchase with the owner. Seller is licensed RE Broker in MT and AZ.
Exterior Features

Construction Site BuiltWood/Frame Location Kalispell Lot Size .16 Acre Parking On SiteStreet Road Frontage City Street Road Surface Asphalt Roof Metal Waterfront None

Interior Features

Foundation Slab

Property Features

Bank Owned Or REO No Barrier Free Door WidthGrab BarsRestroom Building Improvements Air ConditioningCentral WaterFire WallsSmoke Alarm Business Name Glacier Ridge Suites Business Type Public Lodging Covenant No Financial Information W/Signed Non-Di. Inclusions Business NameCustomer ListOther LicenseReal EstateTrade Name Land Status Owned Paid By Owner ElectricInsuranceJanitorialMaintenanceSecurityTaxTrash/Garb. Pick UpWater Possession Closing Short Sale No Tax Year 2021 Taxes 7781.21 Terms Of Sale Cash Type Of Ownership Sole Proprietor Utilities Cable Tv AvailableCity SewerCity Sewer AvailableCity WaterElectricityInternetTelephone Years In Business 10 Years - 20 Years Zoning B2

Listing Agent: Kent Lembke
Listing Office: America Interactive Real Estate, Office Contact Info: (406) 755-3726


© 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. Data last updated: 2022-09-25T00:22:17.953.
 
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Montana Property Angels
40 2nd Street E #220
Kalispell MT, 59901