514 Central AVE Great Falls, MT 59401
24,950 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 24,950 sqft
Price per Sqft $26
MLS Listing ID 30069961
Construction Status See Remarks
HOA Y/N No
Year Built 1914
Annual Tax Amount $9,618
Tax Year 2025
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Building/Land
Property Description
Behind the storefronts, generous back-of-house areas function as warehouse, storage and production space, supporting food, beverage or retail operations with room to grow. Above, expansive unfinished upper-level shell space with original woodwork, skylit central corridors and individual rooms creates a rare opportunity to convert to apartments, lofts or offices, subject to buyer's plans and approvals. With classic architecture, walkable location and substantial square footage still to be activated, 514 Central Avenue is a compelling option for investors and owner-users seeking a character-rich downtown asset with clear upside. 514 Central Avenue is a substantial historic downtown building that blends current income with serious value-add potential in one of Great Falls' most visible corridors. Originally constructed in 1914, it showcases classic brick architecture, tall storefront windows and dramatic interior volumes that modern operators and tenants love. Set along Central Avenue's business and entertainment spine, the property is surrounded by restaurants, shops and services, offering excellent walkability and steady foot traffic.
The main level is divided into two bays. One is home to Little Light Coffee Shop Co., providing immediate income and a proven street-front use. The adjoining bay is vacant and ready for a new operator or owner-user. This open retail/restaurant shell features exposed brick, high decorative ceilings, tall display windows and original wood floors an ideal canvas for a bar, restaurant, boutique retail, gallery, studio, wellness/fitness or other destination concept seeking a recognizable downtown address.
Behind the storefronts, deep back-of-house areas function as warehouse, storage and production space. These zones support food, beverage or retail operations with room for prep, staging, deliveries, cold or dry storage and future kitchen or mechanical expansion. The combination of polished front-of-house potential and practical rear work space is hard to replicate in newer in-line buildings.
Above the main level, expansive unfinished upper-level shell space with original woodwork, skylit central corridors and individual rooms creates a rare opportunity to add apartments, lofts, offices, studios or co-working, subject to zoning and buyer due diligence. Existing architectural and historic-preservation planning gives buyers a conceptual roadmap for enhancing the façade and re-imagining the upper floors, helping shorten design time and reduce uncertainty for a larger project.
Today, 514 Central Avenue offers one strong tenant in place, a highly marketable vacant storefront, significant support/production areas and a large volume of unfinished upper-level space still to be activated. It's an ideal fit for investors and owner-users who want downtown scale, character and optionality, an opportunity to operate or lease the street level now while unlocking meaningful upside through phased upper-floor redevelopment.
Location
State MT
County Cascade
Community Curbs, Street Lights, Sidewalks
Zoning Business
Rooms
Basement Partially Finished
Interior
Interior Features InteriorFeatures
Heating Forced Air
Cooling Central Air
Flooring Concrete, Hardwood
Fireplace No
Exterior
Parking Features On Street
Fence None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, High Speed Internet Available
Water Access Desc Public
View City
Roof Type Built-Up,Other,Rubber,Rolled/Hot Mop
Present Use Vacant
Topography Level
Street Surface Asphalt
Road Frontage Alley, City Street
Garage No
Building
Lot Description Level
Dwelling Type Mixed Use
Building Description Brick,Wood Frame, Overhead Doors,Private Restrooms,Storage
Foundation Block, Basement
Sewer Public Sewer
Water Public
Structure Type Brick,Wood Frame
Construction Status See Remarks
Others
Tax ID 02301512216130000
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
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