1110 Broadwater Ave | Billings, MT 59102
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1110 Broadwater Ave
Billings, MT 59102
Retail Property For Sale
Investment Highlights
- Completely Renovated Over Last 4 Years
Executive Summary
*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.
*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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,492 SF
Building Class
B
Year Built/Renovated
1952/2023
Price
£1,108,911
Price Per SF
£148
Net Initial Yield
7.50%
NOI
£83,168
Percent Leased
26%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
0.64 AC
Zoning
CMU1-Corridor Mixed Use 1 - CMU1-Corridor Mixed Use 1
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-0927-05-4-22-10-0000 | Improvements Assessment | £263,559 |
| Land Assessment | £135,174 | Total Assessment | £398,733 |
PROPERTY TAXES
Parcel Number
03-0927-05-4-22-10-0000
Land Assessment
£135,174
Improvements Assessment
£263,559
Total Assessment
£398,733
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