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
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Address 1108 Broadwater Ave, Billings
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Country United States
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Province/State Montana
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Postal code/ZIP 59102
Overview
- Property ID 20524
- Price $1,400,000.00
- Property Type Investment-Property, Office, Retail
- Property status For Sale
- Size 7,492 sf
- Lot Size 28,000 SF
- Zoned CMU1-Corridor Mixed Use 1