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1108 - 1116 Broadwater Ave

$1,100,000

1108 - 1116 Broadwater Ave, Billings, MT 59102

Active
Last Updated: 04/03/2025

7.5

Cap Rate

7,492 sqft

Building Size

Details:
Cap Rate:    7.5%
Building Size:    7,492 sqft
Lot Area:    28,000 sqft
Class:    A
Lease Type:    Triple Net
Year Built:    1952
Zoning:    CMU1-Corridor Mixed Use 1
Tenancy:    Multiple
MlsNumber:    240801
Year Last Renovated:    2023
Highlights:
  • Lot Dimension: 28,000 SF
Description:

1108-1116 Broadwater Ave is one of Billings most recent retail redevelopments of a building that was previously known as the Suds Hut into a Class A retail center that received a modern facelift, ADA accessibility and a complete renovation to all 5 units that included taking all units down to the studs and doing a build to suit for each tenant.

Notable upgrades include 100% new HVAC units, upgraded electrical service (including 3 phase power) with new electrical wiring in all 5 units, 2 new sewer lines all the way out to the alley, new plumbing in all 5 units, new TPO roof on ½ the building and new modern siding.

Whether you are looking for an owner-occupied retail center or low maintenance, triple net lease building for your 1031 exchange, this building will make a great addition to your real estate portfolio.

7,492 SF Class A Retail Center Completely Renovated Over Last 4 Years New Roof, Siding, Electrical, HVAC, Sewer Lines, Plumbing & Interior Remodels For All Tenants 5 Separately Metered Units 4 Tenants Currently 2,714 SF Retail Space is Currently Vacant (1110 Broadwater) Triple Net Leases 3 Phase Power Ideal for Owner Occupied Building or Restaurant 8.5% Cap Rate once 1110 Broadwater is Leased 9% Potential Cap Rate Financials Available Upon Request NOTE: Owner is a Licensed Real Estate Agent in the State of Montana

Map:
Documents:
Title
Brochure 1108 - 1116 Broadwater Ave April 2025
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Location
Gallery