Albemarle Building: One of a kind investment offering. 39 residential and 6 commercial condos. Waiting list for tenants of residential units. Commercial space is fully leased.This property is in a prime location where the historic Albemarle Hotel and Playhouse resided. Rebuilt in 1960, and fully removated in 2016, this is a once in a lifetime offering. With residential CAP rate of 6.2 and commercial of 7.3, this is an amazing investment opportunity. HOA covers water/sewer/bldg. and common area maintenance. Each unit is individually metered for power. Seller owns the "air rights" above the building, which allows for 2 additional floors to be added, with increased income potential.

  • MLS# 324437
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 1960
  • Days On Site 134
SQ Feet 28,631
Story(s) 0
Zoning Highway Commercial
Listing Provided By:
Sue Frye  of  ERA Landmark Real Estate
 
 
 
 
 
 
 
this listing $4,200,000
1,624.85%
$243,500 in 59047
this listing 28,631 SqFt
1,268.59%
2,092 SqFt in 59047
this listing $147 $/SqFt
24.66%
$118 $/SqFt in 59047
this listing 134 on site
8.06%
124 on site in 59047

Location

State MT
County Park
City Livingston
Zip Code 59047
Area Park County

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