317 Mineral Ave - Medical FOR SALE


Libby, MT 59923
$475,000 USD
406-304-5459
317 Mineral Ave, Libby, MT for Sale
$475,000 USD
Medical - FOR SALE
1/34
null | 6.5% Cap Rate

317 Mineral Ave
Libby, MT 59923


HIGHLIGHTS

  • New 15 YR Roof 2021
  • New Exterior Painting 2022
  • New Plumbing Line Installed 2022

OVERVIEW

Good income, listed at a 6.5% cap rate based on 2025 leases currently in place. Financials accessible in data files available for download here on LoopNet. Consistently cash flowing investment opportunity with many long-term tenants and historically no vacancy. Fully leased commercial building located in downtown Libby. Nicely finished professional office location. HearUSA is a national tenant, along with three other tenants (a CPA office, a massage therapy office, and a cleaning company) in the building with long-term tenancy. With many recent improvements including a new 15 YR Roof in 2021, new exterior painting in 2022 and a new sewer plumbing line installed in 2022. Well maintained facility with tenants who are meticulous about cleaning and upkeeping the property. Tenants do nearly all on-site maintenance making this an almost entirely turn-key investment opportunity great for a 1031 exchange or any other form of solid investment. 317 Mineral Avenue is built in the heart of the steadily growing town of Libby, MT which is located in the heart of Montana's breathtaking Cabinet Mountain Range. Libby is surrounded by endless outdoor activities including fly fishing, hunting, backpacking, rafting, kayaking, hiking, ATV trails and so much more attracting more and more people to build their businesses, homes and families here.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mineral Avenue Offices

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Business

APN/PARCEL ID

56-4175-03-2-28-07-0000

ASK ABOUT THIS PROPERTY

Isaac CorneliusCornelius IncorporatedMore Info
406-304-5459

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Isaac CorneliusCornelius IncorporatedMore Info
406-304-5459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.