The Historic Babcock Building

2812 2nd Ave North Billings, MT 59101

2812 2nd Ave North, Billings, MT, 59101
2812 2nd Ave North, Billings, MT, 59101
FOR SALE
Property Type:
Street Retail
Amount:
$2,500,000
Last Verified:
Jan 04, 2021

Highlights

  • Six retail tenants including national sandwich restaurant Jimmy John's, Rock Creek Coffee, Doc Harpers Martini Bar, Rebels and Razors Barber Shop, Belle en Blanc Bridal, and Montague's Silver
  • Fourteen Apartment Units -- Six Studio, Seven 1 bedroom, One 2 bedroom
  • The remodel from 2010-2015 consisted of but was not limited to:
  • All new storefront
  • New cast stone and restored brick
  • All new HVAC, electrical, fire sprinkler (wet pipe system) and interior finishes
  • New common bathrooms
  • New roof with 6" high R rigid insulation 2008
  • 2019 Gross Rents totaled in excess of $260,000
  • NOI for 2018 and 2019 approximately $140,000
  • Lease info and financials available to qualified buyers
  • *Offering does not include the Babcock Theatre*

Description

Offered Exclusively by NAI Business Properties is the Landmark and Historic Babcock Building. This property consists of 14 apartments and 6 retail spaces, which are fully occupied. In the period from 2010-2015 this property was almost fully remodeled and there has been zero vacancy since.

The heart of downtown Billings Montana at the Skypoint, at the intersection of North Broadway and 2nd Avenue North


Year Built: 1907
Building Size: 23185sq ft
Lot Size: 0 acres

Map of 2812 2nd Ave North, Billings, MT, 59101

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