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29445564
14535952

W Garfield St, Bozeman, MT 59718

JC
RRE-BRO-LIC-13238
Cobb Realty Group
Listed by Cobb Realty Group
Unpriced
2621 days on market
Updated 16 days ago

The Bozeman Gateway

Details
Property Type Retail
Sub Type Day Care/Nursery, Restaurant (+1)
Lease Type Gross
Broker Co-Op Yes
Acreage 1.5 - 4
Investment Type Owner/User
Occupancy Date 07/01/2018
Ground Lease Yes

Retail

Marketing description

LOCATED IN BOZEMAN'S OPPORTUNITY ZONE!

2 combined lots to maximize building SF

Lot 3A 17,265 SF (.40 Acre)

Lot 4A 19,603 SF (.45 Acre)

Combined Lots “C” 36,868 SF (.85 Acre)

GROUND LEASE, BUILT-TO-SUIT IN THE CENTER OF BOZEMAN LOCATED AT THE BOZEMAN GATEWAY DEVELOPMENT

JUST WEST OF HISTORIC DOWNTOWN BOZEMAN, ACROSS FROM GALLATIN MALL AND ADJACENT TO MONTANA STATE UNIVERSITY.

Center of Bozeman located at The Bozeman Gateway Development just west of historic Downtown Bozeman, across from Gallatin Mall and adjacent to Montana State University.

This site sits in a P.U.D. with multiple mixed use options and allows for commercial or residential development with flexible height options depending on need and density.

Zoning in The Bozeman Gateway allows for mixed-use, hotels, office, retail, and various other uses.

Multiple Pad Site with shared parking exist throughout the development where the Developer completes the off-site improvements.

Currently in the center of the Development there is completed a 350 unit multi-family project adjacent to the site

Ground Lease structures can still work within the OZ program. Contact Joe Cobb for more details on this.


Investment highlights

Bozeman’s Economic Impact on State’s Tourism

  • Site is adjacent to Montana State University which does not have another national hotel brand near campus. The university has events going on all year long which bodes well for a hotel property to captivate convenience of nearby proximity. Site is also located on highway heading to Big Sky Ski resort and Yellowstone National Park. All traffic leading into Bozeman must pass this site.

  • Out of the 11 million people who travel to Montana, 5 million of them come through Bozeman

  • Of that 5 million, 2.3 million stay at least one night on their visit…which makes us 49% of the state’s tourism

  • In comparison, the state of Hawaii had 9.4 million tourists in 2019

  • 75% of all air travelers that come through our airport here are Business Travelers

  • Bozeman’s airport handled 1.34M passengers in 2018…up 11.8% from the previous year

  • Over the next 28-36 months, the city of Bozeman has $1 Billion queued up for development that is currently on the books

  • The surrounding communities within 30 minutes have another $1 billion of development on their books

  • Our neighboring resort in Big Sky has $3 billion of new development that will be underway for the same time period

  • All of which adds up to $5 billion of economic development to affect us here in the next 2+ years

  • Bozeman also was named as the #1 micropolitan city in the US for 2nd year in a row out 551 locations

  • The ingredients for success are all here in our part of Montana. The Bozeman area is home to Montana State University, Bozeman Health, Montana’s busiest airport, great schools, growing technology companies, endless outdoor adventure and a thriving cultural community

Listing Contacts

JC
RRE-BRO-LIC-13238
Cobb Realty Group
Listed by Cobb Realty Group

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