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410 Colorado Ave 59,044 SF 100% Leased Office Building Laurel, MT 59044 $499,000 ($8.45/SF)
Investment Highlights
- Ideal Multifamily Redevelopment Opportunity
Executive Summary
*PRICE REDUCED $499,000 ($8.45 PSF)
*2 Buildings Totaling 59,050 SF
*Previously Occupied by the Laurel Public Schools
*Main Building (Previously a School) is 50,454 SF
*Auditorium is 7,900 SF
*90,000 SF Lot
*Zoned Residential Multi-Family
*Built in 1910
*Ideal Multifamily Redevelopment Opportunity
410 Colorado Avenue is located in the heart of Laurel, MT and is the perfect multifamily or residential condo redevelopment project. Listed at $8.45 PSF, a buyer has the opportunity to purchase land and building “shell” for significantly less than what new construction costs today. The City of Laurel is rapidly growing and currently has a shortage of apartment rentals or condos.
*2 Buildings Totaling 59,050 SF
*Previously Occupied by the Laurel Public Schools
*Main Building (Previously a School) is 50,454 SF
*Auditorium is 7,900 SF
*90,000 SF Lot
*Zoned Residential Multi-Family
*Built in 1910
*Ideal Multifamily Redevelopment Opportunity
410 Colorado Avenue is located in the heart of Laurel, MT and is the perfect multifamily or residential condo redevelopment project. Listed at $8.45 PSF, a buyer has the opportunity to purchase land and building “shell” for significantly less than what new construction costs today. The City of Laurel is rapidly growing and currently has a shortage of apartment rentals or condos.
Property Facts
Sale Type
Investment
Property Type
Building Size
59,044 SF
Building Class
C
Year Built
1910
Price
$499,000
Price Per SF
$8.45
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
19,681 SF
Building FAR
0.66
Lot Size
2.07 AC
Zoning
Residential Multi-Family
Amenities
- Reception
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Laurel Public Schools
- Educational Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Laurel Public Schools | Educational Services | - | - | - |
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Property Taxes
| Parcel Number | 03-0821-09-4-22-01-0000 | Improvements Assessment | $4,657,950 |
| Land Assessment | $559,076 | Total Assessment | $5,217,026 |
Property Taxes
Parcel Number
03-0821-09-4-22-01-0000
Land Assessment
$559,076
Improvements Assessment
$4,657,950
Total Assessment
$5,217,026
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410 Colorado Ave
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