1521 1st Ave NW - Hospitality FOR SALE


Great Falls, MT 59404
$2,500,000 USD
406-490-7432
1521 1st Ave NW, Great Falls, MT for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/76
null | Request Cap Rate

1521 1st Ave NW
Great Falls, MT 59404


OVERVIEW

Outstanding investment opportunity featuring a recently repositioned hospitality asset with strong in-place income and future upside. Originally constructed as a motel in 1954, the property was thoughtfully converted in 2025 into 23 Single Room Occupancy (SRO) units designed to accommodate both short-term and long-term tenants-creating diversified revenue streams and consistent demand. The property offers 23 private units, each with its own bathroom, and four units are equipped with convenient kitchenettes. Since commencing operations in October 2025, occupancy has remained strong, demonstrating solid market demand and operational stability. The seller is offering a three-month "rent guarantee" with a full-price offer, adding an additional layer of security for investors. With a projected Net Operating Income of $181,000, this asset presents an attractive return. Exterior painting is currently underway. Seller will consider carrying short-term financing for qualified buyers.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$587 USD /SF

# OF ROOMS

20

PRICE/ROOM

$125,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starlit Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C

APN/PARCEL ID

02-3015-03-3-03-01-0000

ASK ABOUT THIS PROPERTY

Gary SheaCentury 21 Shea RealtyMore Info
406-490-7432

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Gary SheaCentury 21 Shea RealtyMore Info
406-490-7432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.