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208 Ryman Street

Missoula, MT 59802
  • $3,500,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 22216165
UPDATED: 167 min ago
$3,500,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,163
    SQFT
  • $193
    $/SQFT
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Investors, look no further! This property is a conglomerate of commercial condos spread over 18,000 sqft in the historic Palace Hotel, located in the heart of Downtown Missoula. Condos are 100% rented to four different tenants with an annual gross income of $324,000 and a net cap rate of over 8%. The main floor is roughly 11,000 sqft and is home to a Hair Salon, Cannabis Store, Commercial Kitchen, Casino, and a 600 person music venue and whiskey bar. The basement condos is roughly 7,000 sqft and is occupied with a Pool Hall, and off premise Alcohol Catering Business. The structure of the Palace Hotel building is shared with Missoula Housing Authority. Both MHA and Bavarian are in a condo association that shares the buildings expenses and maintenance.Financials and other information available with signed NDA (see document.) Call Scott MacIntyre at 406-529-9377 or your real estate professional.

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© 2022 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2022-12-10T00:20:08.8.
www.peakpropertyadvisors.com/homes/134828036
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208 Ryman Street Missoula, MT 59802

  • Price: $3,500,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 167 min ago
  • MLS #: 22216165
0
Beds
0
Baths
0
½ Baths
0.35
Acres
18,163
SQFT
$193
$/SQFT
County:
Missoula
Area:
Missoula
Property Description
Investors, look no further! This property is a conglomerate of commercial condos spread over 18,000 sqft in the historic Palace Hotel, located in the heart of Downtown Missoula. Condos are 100% rented to four different tenants with an annual gross income of $324,000 and a net cap rate of over 8%. The main floor is roughly 11,000 sqft and is home to a Hair Salon, Cannabis Store, Commercial Kitchen, Casino, and a 600 person music venue and whiskey bar. The basement condos is roughly 7,000 sqft and is occupied with a Pool Hall, and off premise Alcohol Catering Business. The structure of the Palace Hotel building is shared with Missoula Housing Authority. Both MHA and Bavarian are in a condo association that shares the buildings expenses and maintenance.Financials and other information available with signed NDA (see document.) Call Scott MacIntyre at 406-529-9377 or your real estate professional.
Exterior Features

Construction BrickConcreteWood/Frame Stories One Waterfront None

Interior Features

Foundation Poured Concrete

Property Features

Age Over 20 Years Bank Owned Or REO No Commercial Type Commercial Condition Good Covenant No Gross Annual Income $100000 - $500000 Offering For Sale Bldg./LandFor Sale Building Present Use Food/BeverageOfficeRetailServiceStorage Short Sale No Tax Year 2021 Taxes 29770.90 Terms Of Sale CashConventional Zoning Cbd-4

Listing Agent: Scott Macintyre
Listing Office: Soula Realty, Office Contact Info: (406) 926-6588


© 2022 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2022-12-10T00:20:08.8.
 
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Peak Property Advisors
2300 Regent Street, Suite 205
Missoula MT, 59801