Listed by Coldwell Banker Commercial Green & Green
$999,000
Historic Flex Building
Details
APN 05188830134100000
Property Type Retail
Sub Type Storefront
Square Footage 14,338
Net Rentable (SqFt) 14,338
Units 1
Tenancy Vacant
Pro-Forma Cap Rate 8.00%
Price per SqFt $70
Broker Co-Op Yes
Class C
Year Built 1885
Year Renovated 2015
Buildings 1
Stories 2
Acreage 0.260
Zoning Commercial
Ceiling Height 11
Ownership Non-Profit Corporation
Flex Building Ideal as Artisan Shop, Retail Building, Art, Etc.
Marketing description
Two-story open-span flex building for sale. The building was originally constructed in 1885, and the building has undergone significant improvements following a fire in 2015 including: new electrical panels and fixtures, new blown-in attic insulation, a new metal roof, a new drywall ceiling, and structural reinforcements per engineering guidelines. With the building's stone walls, tall ceilings, and timber beams, it would work great as a retail store, artisan shop, art, and beyond. The building is approximately 14,338 square feet and has a freight elevator that serves the main floor and basement. The main floor has 11' ceilings, an open layout, and was most recently used for retail. The basement level has 9' ceilings, a fire suppression system, a sump pump, and was previously used for woodworking. The property has an asphalt drive-up parking lot which provides direct ground level access into the building. Located in central Helena’s Grand Avenue Addition.
Investment highlights
Beautiful stone walls and timber beams
Good ceiling heights on main level and basement
Main level has concrete floors
Fire-prompted engineering review confirmed structural integrity
Formerly worked great as the Habitat for Humanity ReStore
Listing Contacts
Listed by Coldwell Banker Commercial Green & Green
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