For Sale
$499,900

1515 Central AveBillings, MT 59102

High-visibility Billings storefront, 5-year lease in place.

Overview

Added:
Dec 11, 2024
Days on market:
116
This prime Billings, Montana retail property at 1515 Central Ave presents a compelling investment opportunity. The 3,801 square foot Class A storefront, built in 1953, boasts a highly visible location on Central Avenue, enhanced by a prominent pole sign. The property is zoned CMU-1 and comprises a single, one-story building. Currently, the space is 50% occupied, with one side secured by a gross lease with five years remaining. Each unit includes an attached enclosed garage, adding significant value and convenience. The asking price is $499,900, translating to $131.52 per square foot. This multi-tenancy property offers immediate income generation from the existing lease, along with the potential for increased revenue by leasing the vacant space. The property's strong location and existing lease make it an attractive investment for both seasoned and emerging investors seeking a stable, high-visibility retail presence in a thriving Montana market. All information should be independently verified.

Highlights

  • $499,900 asking price for a Class A retail storefront.
  • 3,801 square feet, $131.52/sq ft.
  • Multi-tenant property with 50% occupancy; one tenant has a 5-year gross lease.
  • Located at 1515 Central Ave, Billings, MT 59102.
  • Single-story, 1953 construction; CMU-1 zoning.
  • Broker co-op available.

Property Details for 1515 Central Ave

Property type
Retail properties, Retail space
Square Feet
3,801 SF
Class
A
Year Built
1953
Buildings
1
Stories
1

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.7700212
Longitude
-108.5548134
1515 Central Ave, Billings, Montana

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1515 Central Ave
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