4015 1st Ave S
Owner User/Investment Opportunity
Marketing description
Located at 4015 1st Avenue South in Billings, Montana, this 8,261± square foot mixed-use office and warehouse facility sits on a 42,500± square foot Light Industrial-zoned lot in the heart of Billings’ established industrial corridor. The property features a blend of modernized office space and functional warehouse/shop area, supported by ample off-street parking, secure fenced yard, and 12-foot clear heights. Constructed in 1946 and remodeled in 2000, the structure combines wood frame construction with some updated plumbing, electrical, and mechanical systems. With a Class-B building condition and a strong tenant mix generating stable income, the property presents an excellent owner-user or investment opportunity. Its flexible layout and strategic location offer long-term value for businesses seeking a balanced mix of office, service, and light industrial use in the growing Billings market.
Investment highlights
- 8,261 SF of Improvements that sits on a 42,500 SF Lot
- Fenced Yard in a Light Industrial Zoning area
- Year Built: 1946
- Pro Forma NOI: $49,600
- Pro Forma Cap Rate: 7.64%
- 1 Suite left for owner/user occupancy potential
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