801 Fee StHelena, MT 59601

Property Details for 801 Fee St

Year built

1971

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

6,420 SF

Property type

Retail properties

Property subtype

Bars

APN

05-1888-29-4-30-30-0000

APU

5188829430300000

Description

This exceptional 12,840-square-foot property, situated on a 0.76-acre lot in Helena, Montana, presents a unique investment opportunity. Currently operating as a fully functional nightclub, this building boasts significant potential for adaptive reuse. Located conveniently off Prospect and I-15, the property offers ample parking with 43 spaces. The two-story building features expansive open floor plans on both levels, each with an occupancy limit exceeding 300 people. The main floor includes a fully equipped commercial kitchen, restrooms, and several small closets. The basement, accessible from both inside and outside, is equipped with a sprinkler system and is divided into six rooms, along with additional restrooms. Both floors benefit from high ceilings. A comprehensive 2022 renovation exceeding $500,000 has resulted in significant upgrades, including new condenser units and updated HVAC systems for enhanced energy efficiency and climate control. ADA-compliant restrooms have been installed on both floors. The renovation also encompassed extensive electrical, plumbing, fire safety, and cosmetic improvements, ensuring compliance with modern building codes. All necessary inspections for fire and safety have been successfully passed. The B-2 zoning allows for a wide range of uses, making this property ideal for conversion into medical offices, retail space, or other commercial ventures. This turnkey operation offers immediate income potential or the flexibility to create a custom space to meet your specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,687,741

  6.5%

  $1,557,915

  7%

  $1,446,635

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,449,397

  Geo Method

  $3,449,397

• Alternative Use

  Use

  Valuation

  Residential

  $1,314,160

  Hospitality

  $1,203,763

  Educational

  $1,001,517

  Medical

  $1,035,960

  Retail

  $1,557,915

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.5925

Longitude

-112.005

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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