For Sale
$7,900,000

750 HwySomers, MT 59932

High-yield storage facility with expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 98,500 square foot mixed-use property in Somers, Montana, encompassing a thriving 257-unit boat, RV, and mini-storage facility. Situated on a expansive 20.001-acre parcel just north of Flathead Lake, this property offers significant upside potential. The existing facility, constructed on approximately 8 acres, provides a strong foundation for immediate income generation. A substantial 12 acres remain undeveloped, presenting a unique opportunity for future expansion. This could include additional storage units (open, covered, enclosed, or climate-controlled), shop spaces, or commercial development. Approximately 2 acres of Highway 82 frontage is available for commercial use, while roughly 10 acres at the rear of the property offer flexibility for various uses. The property's Scenic Corridor zoning allows for extensive uses, with only minor restrictions on highway signage. Current in-house management is in place, with a replacement management team already identified, ensuring a smooth transition for the new owner. Rebranding options are available to tailor the property to the new owner's vision. The asking price is $7,900,000, representing a compelling 6.75% cap rate. This property is an ideal investment for those seeking a high-yield asset with substantial growth potential in a desirable Montana location.

Highlights

  • $7,900,000 Asking Price
  • 98,500 Square Feet, Mixed-Use, Self-Storage Property
  • 6.75% Cap Rate
  • 257 Units
  • 20.001-Acre Lot in Somers, Montana, with Highway 82 frontage.

Property Details for 750 Hwy

Property type
Mixed-use properties, Self storage facilities
Square Feet
98,500 SF
Lot Size (sq. ft)
871,244 SF
Units
257

Location Insight

City
Somers
County
Flathead
State
Montana
Latitude
48.0944906
Longitude
-114.2054532
750 Hwy, Somers, Montana

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750 Hwy
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