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23476034
23476055

1511 6th Ave N, Billings, MT 59101

BT
MT RRE-BRO-LIC-89453
Berkshire Hathaway HomeServices Floberg Real Estate Billings
Listed by Berkshire Hathaway HomeServices Floberg Real Estate Billings
$950,000
388 days on market
Updated 31 days ago

1511 6th Ave N

Details
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 3,864
NOI $24,000
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $41,600
Broker Co-Op Yes
Year Built 2004
Buildings 1
Stories 1
Lot Size (SqFt) 15,000
Zoning EB_RSV - East Billings Railspur Village

Office | 3,864 SF

Marketing description

FOR SALE: Prime Commercial Building with Excellent Visibility and Tenant Income

Discover a well-maintained, versatile commercial building located in the heart of Billings. Built in 2004, this attractive 3,864 sq. ft. building sits on a spacious 15,000 sq. ft. lot and offers both investment potential and owner-user flexibility. Constructed with durable stone and EIFS, the attractive property features a monument sign and paved parking lot with 17 designated spaces, plus additional parking on the west side of the building. With a traffic count of approximately 15,500 vehicles per day the site offers strong visibility. Currently, the building is home to three established tenants: A Home Vet, Q’s Art & Framing, and a health and wellness provider. Q’s Art, the current owner and one of the tenants, is open to either remaining in place or vacating the space upon sale, depending on the buyer's needs. The property is zoned East Billings Rail Spur Village (EB_RSV).

Two (2) Rooms in Suite A (Health and Wellness Center) are available for lease. $750/mo per room. Shared reception/waiting, shared conference room, shared storage, shared break room, shared bathrooms.

Investment highlights

· 3,864 sq. ft. building on 15,000 sq. ft. lot

· Built in 2004 – well-maintained

· Attractive stone and EIFS construction

· Monument signage and excellent street exposure

· Paved parking for 17 vehicles plus rear parking

· Zoned EB_RSV – East Billings Rail Spur Village

· 2024 property taxes: $7,770.30

· 15,500+ vehicles per day traffic count

· Flexible tenancy – potential for owner-user or investor

Listing Contacts

BT
MT RRE-BRO-LIC-89453
Berkshire Hathaway HomeServices Floberg Real Estate Billings
Listed by Berkshire Hathaway HomeServices Floberg Real Estate Billings

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$24,000.00
$2,000.00/mo

Valuation Metrics

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DSCR
2.53%
Cap Rate
2.53%
ROI

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