Remarks

This is a prime investment opportunity in the rapidly growing Mill District of northeast Bozeman. The area is currently undergoing multiple redevelopment projects, such as the Bronkens/Cloverleaf project, Wallace Works, North Ida/East Cottonwood redevelopment, and Block 104. It is also located just one block from popular spots like Wild Crumb Bakery, Treeline Coffee, Finks Deli, and the Wildlands residences. The storage warehouse is about 4,875 square feet on an approximately 11,500 square foot lot. It is currently rented at a below-market rate of $1,500 per month on a month-to-month basis. It is situated at a potential future connection point between the east section of East Cottonwood Road and the original Front Street. The City's Transportation Plan envisions reconnecting and upgrading East Cottonwood's extension into Front Street, including roadways and walking/biking paths. Furthermore, it serves as a crucial interconnection for sewer, water, and other utilities for the eastern side of the Mill District. The Northeast Historic Mixed-Use (NEHMU) zoning allows for residential, commercial, retail, and bar/restaurant uses, along with accessory dwelling units (ADUs). The lot to the north is also available, which creates an exciting opportunity for redeveloping the 18,600 square feet site with a mix of commercial and residential uses plus parking.

Details

MLS#: 400128
Price: $950,000

Style: Commercial Building
Sq Ft: 4875
Year Built: 1895

County: Gallatin
Subdivision: Northern Pacific Addition
Tax Fee: 6046.48