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450 Montana Ave 1,920 SF 100% Leased Retail Building Lovell, WY 82431 $289,000 ($150.52/SF) 7% Cap Rate
Investment Highlights
- Half block off of main street
- 3 Apartments
- Off Street Parking
- Salon
- Street Frontage
- 8,712 Square Foot Lot
Executive Summary
Income producing commercial real estate in downtown Lovell, Wyoming with room to develop/expand. The property offers 3 apartment units and an additional rental space currently being operated as a beauty salon. Updates and amenities include a newer roof, furnace, hot water heater, new paint and flooring, new LED lighting, new vanities, vinyl siding, handicap accessibility to salon and lots of off-street parking. 2apartments have 1 year leases, 1 apartment is a month to month rental and the salon is a 1 year lease. The seller pays all utilities(approximately $336 per month). Tenants remove all snow. The location is excellent and a very short walk to main street and local businesses, a short drive to the Big Horn Mountains for outdoor recreation on National Forest with hiking, ATV and horseback riding, fishing, camping and hunting galore. Cody, Wyoming is less than a 1 hour drive and Yellowstone National Park is just down the road
This property yields a cap rate of approximately 7%.
This property yields a cap rate of approximately 7%.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
C
Year Built
1950
Price
$289,000
Price Per SF
$150.52
Cap Rate
7%
NOI
$20,230
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.20 AC
Zoning
Commercial
Frontage
14’ on Montana Ave
Amenities
- Storage Space
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Canyon Real Estate
450 Montana Ave
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