37,314 SF Central Ave Mall RETAIL BUILDING for SALE

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:
Strip Center
Cap Rate:
Last Verified:
May 28, 2020

Central Avenue Mall - RETAIL BUILDING
100 24th St W, Billings, MT

• For Sale $3,750,000
• 37,314 SF Retail Building
• 4.4 Acres of Land
• 100% Occupancy
• 7 Diversified Tenants
• +/- 192 Parking Spots
• Zoned Community Commercial
• Large Pylon Sign
• 30,000+ Cars Per Day (24th St W)
• 17,000+ Cars Per Day (Central)
• Long Term Anchor Tenants
• Net Operating Income = $280,346
• CAP Rate 7.48%

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.

Additional URLs

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.