514 Central Avenue, Great Falls, MT 59401 For Sale

Own a signature piece of Downtown Great Falls with 514 Central Avenue, a historic 1914 masonry building offering current income, prime visibility, and huge value-add potential. This prominent Central Avenue address features a popular tenant, Little Light Coffee Shop Co., operating on one side of the main level, while the adjoining storefront is vacant and ready for a fresh new concept. High ceilings, exposed brick, tall display windows and an open, versatile floor plate make the vacant bay ideal for a bar, restaurant, retail, gallery, studio, fitness or other destination business that wants a recognizable downtown presence. Behind the storefronts, generous back-of-house areas function as warehouse, storage and production space, supporting food, beverage or retail operations with room to grow. Above, expansive unfinished upper-level shell space with original woodwork, skylit central corridors and individual rooms creates a rare opportunity to convert to apartments, lofts or offices, subject to buyer’s plans and approvals. With classic architecture, walkable location and substantial square footage still to be activated, 514 Central Avenue is a compelling option for investors and owner-users seeking a character-rich downtown asset with clear upside. 514 Central Avenue is a substantial historic downtown building that blends current income with serious value-add potential in one of Great Falls’ most visible corridors. Originally constructed in 1914, it showcases classic brick architecture, tall storefront windows and dramatic interior volumes that modern operators and tenants love. Set along Central Avenue’s business and entertainment spine, the property is surrounded by restaurants, shops and services, offering excellent walkability and steady foot traffic. The main level is divided into two bays. One is home to Little Light Coffee Shop Co., providing immediate income and a proven street-front use. The adjoining bay is vacant and ready for a new operator or owner-user. This open retail/restaurant shell features exposed brick, high decorative ceilings, tall display windows and original wood floors an ideal canvas for a bar, restaurant, boutique retail, gallery, studio, wellness/fitness or other destination concept seeking a recognizable downtown address. Behind the storefronts, deep back-of-house areas function as warehouse, storage and production space. These zones support food, beverage or retail operations with room for prep, staging, deliveries, cold or dry storage and future kitchen or mechanical expansion. The combination of polished front-of-house potential and practical rear work space is hard to replicate in newer in-line buildings. Above the main level, expansive unfinished upper-level shell space with original woodwork, skylit central corridors and individual rooms creates a rare opportunity to add apartments, lofts, offices, studios or co-working, subject to zoning and buyer due diligence. Existing architectural and historic-preservation planning gives buyers a conceptual roadmap for enhancing the façade and re-imagining the upper floors, helping shorten design time and reduce uncertainty for a larger project. Today, 514 Central Avenue offers one strong tenant in place, a highly marketable vacant storefront, significant support/production areas and a large volume of unfinished upper-level space still to be activated. It’s an ideal fit for investors and owner-users who want downtown scale, character and optionality, an opportunity to operate or lease the street level now while unlocking meaningful upside through phased upper-floor redevelopment.