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Frontier Electric Inc Building 537 2nd St 33 Room Hotel Havre, MT 59501 $390,000 ($11,818/Room)
Executive Summary
Motel Conversion Investment Opportunity at 537 2nd St, Havre, MT | Value-Add Redevelopment with Renovations Underway Looking for an investment property in Havre, Montana with the potential to create multiple income streams? Located at 537 2nd St, this former motel offers a rare value-add redevelopment opportunity in the heart of Montana’s Hi-Line. The property is conveniently located near downtown Havre, US Highway 2, MSU-Northern, Northern Montana Hospital, shopping, restaurants, schools, & many of the area’s largest employers, making it well-positioned for future residential, commercial, or mixed-use demand. Spanning three levels, much of the heavy demolition work has already been completed, saving both time & expense. A large portion of the plumbing & electrical has already been installed, extensive framing is in place, and several areas are already nearing completion. Current renovation plans include office space, storage units, & multiple rental units, offering the next owner flexibility to continue the existing vision or adapt the project to meet market demand. Buyers should verify all zoning & permitted uses with the City of Havre. Havre is the commercial & economic hub of north-central Montana, with a stable economy supported by healthcare, higher education, agriculture, transportation, & regional business. The community is home to MSU-Northern, Northern Montana Hospital, & the BNSF Railway, helping support ongoing demand for housing and commercial space. Residents enjoy nearby Fresno Reservoir, the Bear Paw Mountains, two local golf courses, historic downtown Havre, local museums, restaurants, festivals, and year-round recreation including fishing, hunting, hiking, camping, and boating.
Whether you’re looking for a Montana commercial investment, motel conversion project, apartment redevelopment opportunity, mixed-use building, office redevelopment, storage facility investment, or a value-add income property, 537 2nd St offers a chance to complete a project with substantial renovation progress already in place and significant upside potential.
Whether you’re looking for a Montana commercial investment, motel conversion project, apartment redevelopment opportunity, mixed-use building, office redevelopment, storage facility investment, or a value-add income property, 537 2nd St offers a chance to complete a project with substantial renovation progress already in place and significant upside potential.
Property Facts
| Price | $390,000 | Lot Size | 0.39 AC |
| Price Per Room | $11,818 | Building Size | 11,138 SF |
| Sale Type | Investment | No. Rooms | 33 |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1978 |
| Property Subtype | Hotel | Parking Ratio | 1.03/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | Commercial Intermediate - 11-1-8: COMMERCIAL INTERMEDIATE DISTRICT: https://codelibrary.amlegal.com/codes/havremt/latest/havre_mt/0-0-0-2815#JD_11-1-8 | ||
| Price | $390,000 |
| Price Per Room | $11,818 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 11,138 SF |
| No. Rooms | 33 |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.03/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial Intermediate - 11-1-8: COMMERCIAL INTERMEDIATE DISTRICT: https://codelibrary.amlegal.com/codes/havremt/latest/havre_mt/0-0-0-2815#JD_11-1-8 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 33 | $57.00 | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 12-4441-08-1-42-08-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $296,210 |
Property Taxes
Parcel Number
12-4441-08-1-42-08-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$296,210
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Frontier Electric Inc Building | 537 2nd St