Park 1
$1,175,000
2912 3rd Avenue North, Billings, MT 59101
16,044 sqft
Building Size
0.9298 acres
Lot Area
Details:
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.
Full city services, Gas and Electric
BILLINGS ORIGINAL TOWNSITE, S03, T01 S, R26 E, BLOCK 56, Lot 7 - 17, LTS 7-17 & 20 X 100' VAC ALLEY ADJ TO LTS 9-16 BLK 56 BILLINGS ORIGINAL TOWN (I-140,I-684,I-649,I-78B,I-650 & I-651 HERE)
6 Spaces Available
Suite 1 - Budget Instant Print, 224 N. 29th Street Unknown Sub Type
Tenant has been flat for 15 years.
Suite 2 - Self Help Law Center, 216 N. 29th Street Unknown Sub Type
Lease Rate has been flat for 10 years
Suite 3 - Dakava House , 2906 3rd Ave N Unknown Sub Type
New NNN Lease
Suite 4 - Little Llama Learners, 2906 3rd Ave North Unknown Sub Type
New NNN Lease
Suite 5 - City of Billings , 2910 3rd Avenue North Unknown Sub Type
Month to Month Lease Back
Suite 6 - Volunteers of America, 219 N. 30th Street Unknown Sub Type
Modified Gross Lease Reoccurring Annually
Documents:
| Title | ||
|---|---|---|
| Alt Lease Brochure | ||
| Alt_Sale_Brochure.pdf | ||
| Alt_Sale_Brochure.pdf |
Location
Gallery
