The Legacy Team - Coldwell Banker Distinctive Properties
105 W Park Street
Livingston, MT 59047

$4,200,000

Description

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.

Details

MLS#324437
StyleIndustrial
Sub-TypeResale
StatusActive
Year1960
Days On Site135

Features

SQ Feet28,631
Story(s)0
ZoningHighway Commercial

Market Activity 59047

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Area Information

StateMT
CountyPark
CityLivingston
Zip Code59047
AreaPark County
Subarea6C - Livingston City Limits
Listing VS Median (in 59047)
Price:
$4,200,000
low | high
Med:
$243,500
100% of Average
SqFt:
28,631
low | high
Med:
2,092
100% of Average
$ / SqFt:
$147
low | high
Med:
$118
69.780066347798% of Average
On Site:
135
low | high
Med:
125
100% of Average
Listing Updated: 12/19/2018
MLS Number: 324437
Listing Provided By:
Sue Frye  of  ERA Landmark Real Estate
All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Big Sky Country MLS.