$ 4,400,000
301 & 303 Cold Iron RD Big Sky, MT 59730
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,400,000
Est. payment /mo
Active
301 & 303 Cold Iron RD Big Sky, MT 59730
9,636 SqFt
UPDATED:
09/30/2024 03:32 PM
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 9,636 sqft
Price per Sqft $456
Subdivision Lazy J South
MLS Listing ID 393294
HOA Fees $2,089/ann
Year Built 2019
Annual Tax Amount $10,551
Tax Year 2024
Lot Size 0.954 Acres
Acres 0.954
Property Description
We are excited to bring to market a very unique mixed-use commercial/residential investment opportunity in Big Sky, Montana. 301/303 Cold Iron is perfect for a business providing services to Big Sky that is tired of paying the added expense to transport equipment and materials, needs on-site storage, fabrication space, and even comes with residential housing for owners and employees to avoid those lengthy and costly drives to/from Big Sky. From an investment perspective, these two buildings have been 100% occupied for years with an attractive cap rate, proving turn key investment returns from the day of your purchase.The seller has strategically negotiated month to month leases on most of the spaces proving the new owner flexibility to occupy as needed. Ideally located minutes to Big Sky’s private clubs such as Spanish Peaks, Moonlight Basin, and Yellowstone Club, it provides easy access to clients and customers. 301 and 303 Cold Iron are located on almost an acre of land providing ample space to park vehicles, work trucks, trailers, and light industrial equipment. 301 contains almost 3,400 Sqft of space comprised of one large warehouse space with soaring 16’ ceilings with two 14’ garage doors, two offices, storage room, loft area, and restroom.Building 303 contains over 6,200 sqft of mix-use space which includes two commercial warehouse spaces, two 2-bedroom apartments, and two-4 bedroom apartments, all turn key with furniture, washer/dryers, and even dishes. Newly constructed back in 2019, the buildings have been well maintained with building management available for a truly hands off, turn key investment. The combination of the residential and commercial aspects of this property is very unique and rarely available Big Sky, and unlikely to be approved in future developments. The Big Sky economy continues to grow with a massive demand for a variety of residential and commercial services. Also available is the adjacent property, 259 Cold Iron, that can be purchase separately, or as a package deal with 301/303. 259 is a very similar set up to building 303, consisting of two commercial spaces, 2-4 bedroom apartments, 2-2 bedrooms apartments, one of which has been converted to offices. On the roughly one acre lot, you retain the right to build another structure to generate even more rental revenue. Please reach out for a tour of this incredible mix use property, that provides an exceptional opportunity to invest in this expanding community.
Location
State MT
County Gallatin
Area Greater Big Sky
Zoning Gallatin Canyon/Big Sky
Direction Hwy 191 South to Lazy J, right on Cold Iron . Located on the West side of the street
Interior
Heating Baseboard, Electric, Propane
Cooling Varies by Unit, Wall/ Window Unit(s)
Fireplace No
Exterior
Garage Gravel, Paved
Others
Tax ID 00RLF61606
Ownership Full
Acceptable Financing Cash, 3rd Party Financing
Listing Terms Cash, 3rd Party Financing
Special Listing Condition None
Listed by Outlaw Realty
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