For Sale

1108 – 1116 Broadwater Ave

20524

Property ID

7,492 sf

Size

$1,400,000.00

Description

  • For Sale $1,400,000
  • 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
  • 7.5% Cap Rate once 1110 Broadwater is Leased
  • 8% Potential Cap Rate
  • Financials Available Upon Request

 

NOTE: Owner is a Licensed Real Estate Agent in the State of Montana

 

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.

Address

  • Address 1108 Broadwater Ave, Billings
  • Country United States
  • Province/State
  • Postal code/ZIP 59102
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Overview

File Attachments

Brochure-1108-1116-Broadwater-Ave-October-2024.pdf
Brochure-1108-1116-Broadwater-Ave-October-2024.pdf
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Contact

Nathan Matelich, CCIM

Property Agent
(406) 781-6889
nathan@cbcmontana.com
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