201 North Division St.
Reed Point, MT 59069
$475,000
The historic hotel Montana built in 1909 has been a longtime focal point in Reed Point, located on the Yellowstone trail and home of the Great Montana Sheep Drive. The two story brick building began as Walker’s Store, a mercantile business and in 1997 it was converted into the Hotel Montana. Upgrades include new metal roof, remodeled bathrooms in main lobby and all 5 bedrooms plus a newly renovated 3 bed/1 bath upstairs apt. Other amenities include hot water heat, 10 solar panels, some electric and plumbing upgrades. All 5 rooms plus the apt. rented for monthly income. A great investment property with so much potential to finish as a restaurant, turn back into a hotel, Airbnb-Wedding Venue or your own private residence. 5 minutes from the Yellowstone River providing fishing, picnicking or rafting. Yellowstone National Park is 1 1/2 hours away through the entrance at Gardiner, Montana. Also listed as MLS 352000.
MLS #
351987
County
Stillwater
Type
Business
Area
(12) Columbus;Absarokee;Nye;Big Timber;Reed Point
Subdivision
Campbell first addition
Year Built
1909
Buildings
Source: BAR/MLS
Property Type
Commercial
Property Sub Type
Business
Total Sq Ft
7100.00 Sq Ft
Acres
0
Property Condition
Resale
Tax Annual Amount
$1,740
Buildings
# Buildings
1
# Levels
Two
Construction
Brick
Roof
Metal
Parking Features
OnStreet
Road Surface
Asphalt
Business Type
Rental