Industrial Investment Opportunity

923 2nd Ave N Billings, MT 59101

923 2nd Ave N, Billings, MT, 59101
Industrial Investment Opportunity
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FOR SALE
Property Type:
Industrial
Amount:
$3,525,000
Last Verified:
Sep 24, 2024

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Highlights

  • Two (2) long term triple net (NNN) leases in-place
  • Attractive in-fill location with close proximity to I-90 and Main Street
  • Professionally managed and well-maintained
  • Dedicated parking, storage, and multiple ingress/egress points
  • Ninety-three percent (93%) occupied with solid occupancy history

Description

SterlingCRE Advisors is pleased to present 923 2nd Ave North, an industrial investment opportunity with established long term leases in place. Situated in the heart of the North Park Commercial neighborhood, the offering is ideal for investors and tenants seeking to capitalize on a high-traffic area with convenient access to Interstate-90 and all major Billings arterials.

With unparalleled visibility and accessibility, this ±33,542 square foot three-tenant building is designed to accommodate a variety of uses. Zoned light industrial (IL), the building has three (3) grade level doors and one (1) dock-high loading door with flat topography for ample parking and multiple ingress/egress opportunities. South-facing windows line the corner retail/office area providing for exceptional showroom space.

At 93% occupancy and active leasing efforts in place for the remaining 2,413 square foot space, 923 2nd Avenue North provides investors with the opportunity to acquire a stabilized core asset in one of Montana’s largest markets.

Located off of South Main Street and ±0.5 from Interstate 90


Year Built: 1957
Building Size: 33543sq ft
Lot Size: 1.02 acres

Map of 923 2nd Ave N, Billings, MT, 59101

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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."

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