CENTRAL AVE MALL – RETAIL BUILDING
2455 Central Ave
• 8,836 SF Retail Building
• 1 Acre of Land
• 100% Occupancy
• 1 Long Term Tenant
• +/- 59 Parking Spots
• Zoned Community Commercial
• Large Pylon Sign
• 30,000+ Cars Per Day (24th St W)
• 17,000+ Cars Per Day (Central)
• Net Operating Income = $119,901
• CAP Rate = 7.05%
24th and Central intersection is a critical retail corner for the largest city in Montana. 30k+ cars per day heading north/south, and over 17k+ cars per day heading east/west, make this one of the busiest, not just in Billings, but the entire state. Demographically, this intersection is positioned with over 105,000 people, a median household income above $85,000, and nearly 45,000 houses, all within a 5-mile radius. Within several blocks are major retailers including Winco, Target, Albertsons, US Bank, Hobby Lobby, McDonald’s, Wendy’s, and the Rimrock Mall.
The site has one traffic light off 24th Street at St Johns Ave. Access to the property is available on Central Ave, 25th St W, and 24th St W. In total there are 8 ingress/egress points. To the south of the property is Hobby Lobby and US Bank.