209 Cherry Street
Anaconda, MT 59711

About this property

The Davidson -- 1885 historic brick landmark in downtown Anaconda, Montana. Approximately 14,000 SF with five ground-floor commercial suites and premier storefront visibility on a walkable downtown block in an emerging, highly desirable Montana town. Occupied, income-producing, and offered as a turnkey commercial asset with meaningful upside. Building systems have been substantially updated: plumbing, heating, and electrical work completed within the last 25 years; newer roof. The second floor is partially remodeled, with electrical, HVAC, and most plumbing already in place, and is well suited for additional office space or conversion to approximately 14 apartments. One of Anaconda's nicest and most distinctive historic downtown buildings, with a rich local history and irreplaceable brick architecture. Operates at an approximately 8% cap rate on a pro forma basis. Strong fit for 1031 exchange buyers seeking a manageable commercial property with in-place income and a clear value-add path upstairs. Located in an IRS Opportunity Zone. May be eligible for 25% federal/state historic tax credit programs. Local TIF funds are also available to support restoration of downtown Anaconda buildings. Buyer to independently verify square footage, unit mix, leases, zoning, Opportunity Zone status, historic-credit eligibility, and TIF availability.