MLS® #: 414861
Type: Land

A rare development opportunity in Bozeman’s highly desirable northeast neighborhood. Truman Flats consists of two contiguous parcels totaling 3.40 acres in the heart of Canyon Gate, a thoughtfully planned mixed-use neighborhood near Story Mill Community Park, the M and Drinking Horse trails, and Bridger Creek Golf Course. Fully entitled with City of Bozeman Site Plan approval for 148 multifamily units, providing a significant head start for development while allowing a purchaser to pursue an alternative plan consistent with applicable zoning and City requirements, and the overall vision of Canyon Gate. The approved Truman Flats concept includes 22 studios, 66 one-bedroom, 48 two-bedroom and 12 three-bedroom residences, averaging approximately 996 square feet. While multifamily development opportunities exist elsewhere in Bozeman, Truman Flats presents a distinctly different opportunity to bring a significant new residential offering to the northeast side of the city—an established and highly sought-after area that has not historically seen multifamily development offered at this scale. Just minutes from Downtown Bozeman’s vibrant Main Street, and convenient access to Bozeman Yellowstone International Airport and Bridger Bowl skiing, the location captures much of what continues to draw people and businesses to the Gallatin Valley. Bozeman’s growing technology and entrepreneurial economy, Montana State University, and exceptional access to outdoor recreation. Adjacent to Canyon Gate’s planned 1.434-acre linear park and surrounded by future residential, commercial, parks and open space, Truman Flats combines meaningful development scale, completed entitlement work and a northeast Bozeman location that is exceptionally difficult to replicate.