Elkhorn Inn & Land

Highlights:

• The building is 30 years old
• Fully sprinklered
• Common area amenities
• 3-4 buildable acres
• The site is clear. Buildable when proper permits are pulled
• 3 wells on the site
• High visibility
• Less than a minute drive to I-15
• Adjacent to a gas station and C-store

Description:

Montana Elkhorn Inn is FOR SALE! Currently it is being used as a month to month or extended stay property and is producing between 80,000 and 100,000 in NOI. The property has 22 rooms, a small conference room, good overall utility and is a great property for a developer due to all of the surplus land that could be developed or subdivided creating excess land.

Montana City is a smaller suburb of the Helena MSA. It has good linkages, the highest median income in the state of Montana for counties with any significant size. The Elkhorn Inn is near the commercial uses in Montana City. It is approximately a 10,000 square foot building with 22 rooms, a small conference room, laundry services in the basement and a typical lobby. The hotel is currently being rented month to month and is temporary or extended stay, rather than a traditional hotel. The rest of the acreage has been pre approved for additional construction and building of more units for the hotel with a larger septic and additional uses for a strip mall. There is approximately 3.5 acres of excess land that would allow construction of additional buildings. The pre-approvals were for specific uses, and may or may not assist in the development, depending on the buyer's wants. However, the precedent is set that it could have additional uses and has been tested for an increased and expanded drain field.

N. Gas, water is serviced by Big Sky Heights, the nearby neighborhood.

Fairly level to moderately sloping site has good frontage and access along Jackson Creek Rd on the north boundary and Highway 282 on the east boundary. The site has good overall utility. 3 wells, none that have been approved for drinking, but that have water production and pre - approved for a shopping center and up to 52 units for the hotel. The new buyer would need to seek additional approvals in the future.

On Site

Site needs to have boundary re-located. The owners own this property and the neighboring gas station. The gas station has contamination in the ground and is not lendable. The buyer of the hotel/motel could have a first choice on how to re-draw the lot lines.

On Site

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