17
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$3,250,000
Est. payment /mo
19,791 SqFt
Active
2525 Colonial DR Helena, MT 59601
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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 19,791 sqft
Price per Sqft $164
MLS Listing ID 30072400
HOA Y/N No
Year Built 1985
Annual Tax Amount $69,714
Tax Year 2025
Lot Size 2.199 Acres
Acres 2.199
Property Sub-Type Condominium
Property Description
2525 Colonial Drive - a 19,791 square foot office investment property with excess land. The property is located adjacent to St. Peter's Health and near the I-15 interchange. The site, made of two parcels, measures approx. 2.2 acres, and has 118 existing parking spaces. The building has two levels connected by an elevator, with each level offering ground-floor ADA access. It features a 1200-amp, 3-phase electrical service, a 60 kW backup generator, and a full fire suppression system.
The upper floor is fully occupied by an existing tenant, providing stable in-place income. The lower level is demised into two separate units, allowing for diversified tenancy; one unit is currently leased while the other remains vacant, offering immediate upside for an owner-user or investor through lease-up or potential owner occupancy. The property is currently performing at a 5.35% cap rate, with a pro forma cap rate of 8.08% upon lease-up. In addition, the investment offers flexibility - the seller has a condo declaration prepared and ready to sign from this year, which would enable units to be sold off individually. Second, the excess land can also be sold, held, or developed.
The upper floor is fully occupied by an existing tenant, providing stable in-place income. The lower level is demised into two separate units, allowing for diversified tenancy; one unit is currently leased while the other remains vacant, offering immediate upside for an owner-user or investor through lease-up or potential owner occupancy. The property is currently performing at a 5.35% cap rate, with a pro forma cap rate of 8.08% upon lease-up. In addition, the investment offers flexibility - the seller has a condo declaration prepared and ready to sign from this year, which would enable units to be sold off individually. Second, the excess land can also be sold, held, or developed.
Location
State MT
County Lewis And Clark
Zoning Office
Interior
Interior Features InteriorFeatures
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Roof Type Asphalt
Topography Sloping
Total Parking Spaces 118
Garage No
Building
Dwelling Type Office
Foundation Slab
Sewer Public Sewer
Others
Tax ID 05188833208077000
Security Features Fire Sprinkler System,Security System,Fire Alarm
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Coldwell Banker Commercial Green & Green
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