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34369416
34369417

1105 FIRST AVE N, BILLINGS, MT 59101-2664 For Sale

JU
MT 4106
U Bar S Real Estate
CD
MT RRE-BRO-LIC-24429
U Bar S Real Estate
Listed by U Bar S Real Estate
$1,200,000
5 days on market
Updated 5 days ago

1105 & 1111 1st Ave N

Details
APN 03103334205040000
Property Type Retail, Office (+1)
Sub Type Storefront
Square Footage 12,750
Net Rentable (SqFt) 11,250
Units 3
Cap Rate 4.87%
NOI $58,458
Occupancy 100%
Lease Type Gross
Pro-Forma Cap Rate 6.80%
Pro-Forma NOI $81,622
Price per SqFt $94
Year Built 1948
Buildings 2
Stories 2
Lot Size (SqFt) 20,717
Zoning EB_IS-East Billings Industrial Sanctuary
Ground Lease No

Retail | 4.87% CAP | 12,750 SqFt

Marketing description

This property features two buildings in a highly visible, high-traffic location along 1st Avenue North. The building at 1105 1st Avenue North offers approximately 11,770 square feet of dock-high space, including 2,900 square feet of retail area and 8,726 square feet of warehouse space. Approx. 4,400 sqft of the retail side of the building is currently use by owner willing to work a lease back or vacate. The property at 1111 1st Avenue North includes a 908-square-foot Quonset building that is currently leased to a bicycle shop for $800 per month. With more than 15,000 vehicles passing daily, this location provides excellent visibility. It is conveniently located near MetraPark, area universities, hospitals, Interstate 90, and downtown Billings. The property is ideal for retail, warehouse, distribution, or other commercial uses requiring convenient interstate access.

Investment highlights

It is conveniently located near MetraPark, area universities, hospitals, Interstate 90, and downtown Billings. The property is ideal for retail, warehouse, distribution, or other commercial uses requiring convenient interstate access.

Listing Contacts

JU
MT 4106
U Bar S Real Estate
CD
MT RRE-BRO-LIC-24429
U Bar S Real Estate
Listed by U Bar S Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$58,458.00
$4,871.50/mo

Valuation Metrics

0
DSCR
4.87%
Cap Rate
4.87%
ROI

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