1.4 AC Development Land for Sale - Central Ave Mall 2 vacant Lots

100 24th St W Billings, MT 59102

100 24th St W , Billings, MT, 59102
100 24th St W , Billings, MT, 59102 100 24th St W , Billings, MT, 59102 100 24th St W , Billings, MT, 59102 100 24th St W , Billings, MT, 59102 100 24th St W , Billings, MT, 59102
Property Type:
Commercial Land Development
Last Verified:
Mar 25, 2022

Central Avenue Mall - DEVELOPMENT LAND for Sale 100 N 24th St W (Development Land) • Lot 1C2 - 1.4 Acres of Development Land • $1.62 million • All City Services Available • Shovel Ready • Zoned CMU2-Corridor Mixed Use 2 • Large Pylon Sign • 30,000+ Cars Per Day (24th St W) • 17,000+ Cars Per Day (Central) 24th and Central intersection is a critical retail corner for the largest city in Montana. 30k+ cars per day heading north/south, and over 17k+ cars per day heading east/west, make this one of the busiest, not just in Billings, but the entire state. Demographically, this intersection is positioned with over 105,000 people, a median household income above $85,000, and nearly 45,000 houses, all within a 5-mile radius. Within several blocks are major retailers including Winco, Target, Albertsons, US Bank, Hobby Lobby, McDonald’s, Wendy’s, and the Rimrock Mall. The site has one traffic light off 24th Street at St Johns Ave. Access to the property is available on Central Ave, 25th St W, and 24th St W. In total there are 8 ingress/egress points. To the south of the property is Hobby Lobby and US Bank.

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Map of 100 24th St W , Billings, MT, 59102

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.