TBD 10th Avenue S, Great Falls, MT 59403 (MLS # 406166)

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15.31-acre development parcel is strategically located across from Walmart on Great Falls' rapidly expanding east side and adjacent to Malmstrom Air Force Base. Situated within The Falls Planned Unit Development (PUD), one of Montana's largest master-planned mixed-use communities in the state. Designated for high-density multifamily development and offers a rare opportunity to deliver large-scale housing in an increasingly supply-constrained market. Site is positioned for efficient construction and benefits from access to municipal water, sewer, and stormwater infrastructure. Development potential is further enhanced by the parcel's location within HIGHEST EMPLOYMENT GROWTH AND INVESTMENT COORIDOR IN THE STATE ...all anchored by significant public and private sector projects. Major regional economic drivers include the proposed JANICKI Industries advanced manufacturing campus, which could bring more than 1,000 aerospace and manufacturing jobs to the region (HOUSING FOR 200 EMPLOYEES BY NEXT YEAR); Calumet's Montana Renewables aviation fuel expansion; Ardent Data Centers' hyperscale data center investment; Berkshire Hathaway Energy's renewable energy and transmission infrastructure investments; the Sentinel missile modernization program with Malmstrom Air Force Base; Touro University's expanding medical & law education campus; and VACOM's U.S. manufacturing operations in Central Montana. According to a MAY 2026 market study by The Concord Group, the Great Falls market is projected to face a multifamily housing shortage of more than 800 units through 2030, with projected apartment demand significantly exceeding known supply. The Falls development is positioned to help meet this growing need, with the potential for a variety of multifamily housing formats designed to serve the region's expanding workforce, healthcare, education, defense, and advanced manufacturing sectors. Parcel may be acquired independently or incorporated into the broader Falls PUD development plan. Ownership is willing to assist with annexation and site development coordination, creating an exceptional opportunity for multifamily developers seeking scale, timing, and long-term growth potential in one of Montana's most compelling emerging markets.