Park 1

2912 3rd Avenue North Billings, MT 59101

2912 3rd Avenue North, Billings, MT, 59101
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FOR SALE
Property Type:
Street Retail
Amount:
$1,175,000
Last Verified:
Aug 22, 2024

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Highlights

  • First time for private ownership
  • 16,044 SF
  • Value Add Investment Opportunity
  • Fully Leased
  • Mix of Retail and Office Condo Suites
  • Below Market Lease Rates
  • 11.59% Proforma CAP Rate
  • $1,175,000 ($73.24 PSF)

Description

Park One has recently been condoed and the main floor retail/office space is listed for sale. This value-add multi tenant condo space offers six condoed suites in the Park 1 parking garage. Its convenient downtown location makes it a perfect spot for office and retail use and is currently fully leased. Suite sizes range from 1,677 square feet to 4,179 square feet with the ability to demise in to smaller units.

The subject property is a multi-tenant office/retail building located in the heart of downtown Billings on 3rd Avenue North and North 29th Street.


Year Built: 1980
Building Size: 16044sq ft
Lot Size: 0.93 acres


Documents

Alt Sale Brochure

Map of 2912 3rd Avenue North, Billings, MT, 59101

Presented by:
NAI Business Properties

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Matt Robertson


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