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21309099
21459203

15 N 26th St, Billings, MT 59101

EC
Montana 8707
T & E Realty
Listed by T & E Realty
$750,000
496 days on market
Updated 67 days ago
Opportunity zone

15 N. North 26th Street - Albany Building

Details
APN A00813
Property Type Hospitality, Mixed Use (+2)
Sub Type Restaurant, Traditional Office
Square Footage 13,500
Cap Rate 5.61%
NOI $42,044
Occupancy 82%
Tenancy Multi
Lease Type Gross
Price per SqFt $56
Broker Co-Op Yes
Class B
Year Built 1908
Year Renovated 1984
Buildings 1
Stories 3
Lot Size (SqFt) 3,500
Zoning CBD-Central Business District
Investment Type Value Add
Tenant Credit Credit Rated

Historic Downtown Billings Investment Opportunity | 4.81% CAP

Marketing description

Excellent retail office building in downtown Billings. Located across from the US Post Office & just steps from Historic Montana Avenue, Park 1 garage, top-notch restaurants, stylish hotels & downtown shopping. MSU Billings, the Billings Clinic Hospital, Saint Vincent Hospital and Logan International airport are minutes away. Currently this building houses a vibrant Mexican restaurant on the ground floor, & elevator access to second & third floor office spaces & basement. The 8 offices spaces range from 112 sq ft to 443 sq ft. Whether you're a business owner looking for the ideal location or an investor seeking a gem with endless potential, this property will fit the bill and is a must-see. Join the thriving downtown community in a property that's seen numerous upgrades. Don't miss out on this opportunity to own a piece of downtown Billings.

Investment highlights

Excellent doentown office and retail location lots of street parking or covered public garage parking minutes away . Nice small office spaces for one or two people Lots of restaurants located nearby and the post office is right across the street. one block away from North and South 27th Street which is a street that conects to the airport or the interstate two major hotels half a block away. Great investment property. Call Emilio at 406-591-4220 for more information or private showing.

Email : [email protected]

Listing Contacts

EC
Montana 8707
T & E Realty
Listed by T & E Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$42,044.00
$3,503.67/mo

Valuation Metrics

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DSCR
5.61%
Cap Rate
5.61%
ROI

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