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.
Location
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Listing Agent: Scott MacIntyre Courtesy of: Soula Realty IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 30th January, 2023 1:41 PM (UTC)
