Albemarle Building: One of a kind investment offering. 39 residential and 6 commercial condos. Waiting list for tenants of residential units. Commercial space is fully leased.This property is in a prime location where the historic Albemarle Hotel and Playhouse resided. Rebuilt in 1960, and fully removated in 2016, this is a once in a lifetime offering. With residential CAP rate of 6.2 and commercial of 7.3, this is an amazing investment opportunity. HOA covers water/sewer/bldg. and common area maintenance. Each unit is individually metered for power. Seller owns the "air rights" above the building, which allows for 2 additional floors to be added, with increased income potential.

  • MLS# 324437
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 1960
  • Days On Site 323
SQ Feet 28,631
Story(s) 0
Zoning Highway Commercial
Listing Provided By:
Sue Frye  of  ERA Landmark Real Estate
this listing $4,200,000
$142,450 in 59047
this listing 323 on site
546.5 on site in 59047


State MT
County Park
City Livingston
Zip Code 59047
Area Park County

Loading Form

Real Estate Links Our Domains