Copper Springs

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Address: Spring St, Montana 59644, USA

Seattle & Northwest + Land/Development

Created date: May 16, 2024

Date last updated: August 12, 2024

Shovel ready development
Townsend is frothy for this development and can't wait to get it rolling
Great Views
City services to site
mixed density
build and sell
build and hold
This development was built to be a large hold

Property Description

We are excited to present this exceptional development opportunity in Townsend, the county seat of Broadwater County. This project is strategically positioned to capitalize on the current market dynamics and infrastructure developments, offering significant potential for investors and developers alike. Phase 1: Shovel Ready The first phase of this development is shovel-ready, complete with all necessary infrastructure. This allows for immediate commencement of construction, providing a head start in meeting the pressing demand for new housing in the area. The meticulous planning and preparation have ensured that Phase 1 is poised for swift development, minimizing delays and maximizing return on investment. Phase 2: Nearing Completion Phase 2 is on the cusp of readiness, requiring only the final platting and approval. This phase presents a near-term opportunity to extend the development, leveraging the groundwork laid in Phase 1. The seamless transition between phases ensures a continuous development pipeline, further enhancing the project's appeal to prospective buyers and investors. Market Demand and Strategic Location The demand for new construction in this region is undeniable. Since 2018, home values have surged by an impressive 158% (median), underscoring the high demand for affordable housing. Townsend, influenced by the 'Bozeman Effect,' has seen a rapid influx of buyers, driving up property values and depleting inventory. The nearly four-lane highway connecting Townsend to Bozeman facilitates a steady stream of commuters, adding to the attractiveness of this location. Community and Legislative Support Townsend is not only supportive but actively encouraging the advancement of this project to address the housing shortage. Recent state legislation restricting county single-family residential development is anticipated to further increase demand in smaller markets like Townsend. This legislative shift positions the developer to benefit significantly as more buyers seek housing in these burgeoning areas. Conclusion This development opportunity in Townsend represents a rare and lucrative investment. With a shovel-ready Phase 1 and an almost-ready Phase 2, coupled with strong market demand, strategic location, and robust community support, this project is poised for success. As an experienced broker, I highly recommend this opportunity to investors and developers looking to capitalize on the growth and potential of Broadwater County.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Land/Development
Price:	$3,490,000
Lot Size:	31.94 Sq ft
Opportunity Zone:	No
Property Website	Click Here