2506 Overland Avenue, Billings, MT, 59102

2506 Overland Avenue Billings, MT 59102

2506 Overland Avenue, Billings, MT, 59102
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FOR SALE
Property Type:
Industrial
Amount:
$525,000
Last Verified:
Dec 16, 2024

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Highlights

  • Total SF 3,600
  • 2,000 SF of heated warehouse
  • 1,600 SF of office retail
  • 2 private offices
  • Restroom
  • 12' x 14' overhead door
  • New three-year lease with annual increases
  • Current rent $3,900 per month plus utilities
  • Gross Rent $46,800 per year
  • Owner expenses: $7,200 average per year
  • Owner expenses: property taxes, property insurance, snow removal, lawncare, water/sewer/garbage (average $2 PSF)
  • For Sale $525,000

Description

Introducing a prime industrial/flex space investment opportunity. This 3,600 SF property offers a versatile space for a range of business needs. Featuring 2,000 SF of heated warehouse & 1,600 SF of office/retail space, including two private offices & a restroom. The property also boasts a 12' x 14' overhead door, ideal for easy access. Currently under a new three-year lease with annual increases, the property generates consistent income with low owner responsibility & expenses. With its convenient location & attractive features, this investment opportunity holds great potential for industrial and flex space investors.

Located on the West End off of S 25th St W and Overland Ave


Year Built: 1998
Building Size: 3600sq ft
Lot Size: 0 acres


Documents

Alt Sale Brochure

Map of 2506 Overland Avenue, 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.