Redevelopment opportunity at the former Cambridge Place Retirement Community. Approx. 68,925 SF of interior space on approx. 1.265-acre lot. Built in 1929; remodeled in 1985 (steel studs throughout). Updates 2021-current. 10’-16’ wall height. Paved, off-street parking lot with security fencing. Some new windows and a security system with motion sensors. Zoned R-6 Multi-Family High Density; Buyer to verify its intended use with City. 2023 Taxes: $6,985.26. Structurally sound. Phase I & II, sprinkler bid, historic property records, and architectural drawings for 80+ living units available. Commercial kitchen. 2 elevators (one needs a complete upgrade; other needs belts). Cable to all rooms. ADA compliant doorways. Some mold remediation needed. ***Discretion Advised: Offensive graffiti on premises from vandals. *** Discretion Advised: Health-sensitive individuals should use precaution. ALL OFFERS WILL BE CONSIDERED. Being sold As-Is, Where-Is.
Mls | 30027190 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1929 |
Days On Site | 199 |
Listing Provided By | Catalyst Commercial | Scott Blumfield |
Sq Feet | 68,925 |
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Acreage | 1.27 |
State | MT |
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County | Cascade |
City | Great Falls |
Zip Code | 59401 |
Listing VS Median (in 59401) | |
Price: $1,600,000 low | high Med: $300,000 SqFt: 68,925 low | high Med: 2,496 $ / SqFt: $23 low | high Med: $120 On Site: 199 low | high Med: 9.000000 |