Home Real Estate C-Falls sees strong demand for commercial real estate

C-Falls sees strong demand for commercial real estate

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A zip line. A former used car sales lot. A historic hotel.

Those are just some of the commercial properties that have come up for sale in the past few months as the real estate boom in and around Columbia Falls continues.

David Girardot, a real estate broker with Pure West Real Estate, said demand continues to be high in the area, with buyers doing what’s known as 1031 exchanges from larger markets.

A 1031 exchange is a real estate investing tool that allows investors to swap out an investment property for another and defer capital gains or losses or capital gains tax that they otherwise would have to pay at the time of sale. This method is popular with investors looking to upgrade properties without being charged taxes for the proceeds.

Locally, several notable properties have hit the market.

The Izaak Walton Inn in Essex and Halfway Hotel is…

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