Yellowstone Kelly Event Center

Highlights:

• Annual Tax: $ 67221.0
• Max Contiguous Area: 0.0

Description:

Presenting a unique investment opportunity to acquire the former Yellowstone Kelly Event Center, a prominent property ripe for completion and occupancy in a high-traffic area of Billings. This offering includes two adjacent parcels, providing a combined 4.67 acres of prime commercial real estate.
The Main Building: A Grand Vision Awaits Completion The 30,538-square-foot building at 2255 Overland Ave has a versatile history, originally serving as a movie theater before being remodeled into office space. It was most recently in the process of being transformed into a state-of-the-art convention center , a project that added a Grand Ballroom and extensive build-out. This partial construction offers a significant head start for a new owner, saving on costs while providing a flexible layout for a variety of uses. The building is equipped with modern infrastructure, including a state-of-the-art HVAC system , a comprehensive security system with keyless entry , and numerous bathrooms. The existing floor plan features multiple conference rooms, break-out rooms, and several private offices , making it highly adaptable. A warming kitchen is also part of the layout to support catering needs.
Parking & Additional Assets: The sale includes the neighboring 1.74-acre parcel with approximately 33,000 square feet of meticulously developed paved parking. This turnkey lot comes with professional landscaping, lighting, water features, and underground sprinklers, providing more than enough parking for event center requirements .
An added benefit is the adjacent Marriott Courtyard, which built a large kitchen specifically to serve this property. This kitchen could potentially be leased back to service the event center, providing an immediate, high-quality catering solution. The sale also includes substantial unused construction materials (list available with signed NDA).
Location Highlights: Strategic & Highly Visible: Located in a bustling commercial corridor on Overland Avenue, ensuring maximum exposure. Walkable Proximity: Within short walking distance of 8 hotels , making it ideal for out-of-town guests and events. Growth Area: Benefit from Billings' continued economic growth and commercial development. This is an exceptional chance to acquire a landmark property with a strong foundation and immense potential for a variety of commercial ventures.

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