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31134655
31134654

115 NE Main St, Lewistown, MT 59457

KS
MT RRE-BRO-LIC-98915
Montana Real Estate Brokers
Listed by Montana Real Estate Brokers
$648,000
85 days on market
Updated 78 days ago

115 NE Main Street

Details
Property Type Hospitality
Sub Type Motel
Square Footage 7,082
Cap Rate 11.11%
NOI $88,740
Price per SqFt $92
Year Built 1948

Hospitality

Marketing description

The ongoing renovation project at 115 NE Main St, Lewistown MT focuses on transforming a former motel into a mixed-use property featuring retail spaces and residential efficiency apartments. Units 1 and 2 retail spaces have been fully renovated and are now occupied by tenants. Construction on unit 3 retail is actively underway and progressing as planned. Key improvements include the installation of a firewall to clearly separate retail and residential areas. A new sidewalk has been poured to improve property access, and the parking lot has had a thorough cleanup. Additionally, a new HVAC unit zoned specifically to the retail spaces has been installed. A new water main trunk line from the meter has been installed to support the building's updated utility needs. These efforts support

Investment highlights

Listing Contacts

KS
MT RRE-BRO-LIC-98915
Montana Real Estate Brokers
Listed by Montana Real Estate Brokers

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,740.00
$7,395.00/mo

Valuation Metrics

0
DSCR
13.69%
Cap Rate
13.69%
ROI

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