12,528 SF Central Avenue Mall - OFFICE BUILDING for SALE

71 25th St W Billings , MT 59102

71 25th St W, Billings , MT, 59102
71 25th St W, Billings , MT, 59102 71 25th St W, Billings , MT, 59102 71 25th St W, Billings , MT, 59102 71 25th St W, Billings , MT, 59102
Property Type:
Multi Tenant Office
Cap Rate:
Last Verified:
Jun 03, 2020

Central Avenue Mall - OFFICE BUILDING
71 25th St W, Billings, MT

• For Sale $1,450,000
• 12,528 SF Office Building
• 0.8 Acres of Land
• 91.6% Occupancy
• 9 Diversified Tenants
• +/- 38 Parking Spots
• Zoned Community Commercial
• 30,000+ Cars Per Day (24th St W)
• 17,000+ Cars Per Day (Central)
• 1,050 to 2,100 SF Office Spaces
• Net Operating Income = $106,140
• CAP Rate = 7.32%

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 71 25th 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.