1110 Lynn AveBillings, MT 59102
- Retail properties
- 5,224 SF
Property Details for 1110 Lynn Ave
- Year built
- 1979
- Construction
- WOOD
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 5,224 SF
- Zone code
- NC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 03-0927-05-4-01-11-0000
- APU
- 3092705401110000
Description
This exceptional Billings, MT property presents a unique leasing opportunity. The 6,744 square foot building offers a blend of office and warehouse space, perfectly suited for a variety of businesses. The two-story structure features 3,040 square feet of office space, conveniently divided across two floors, providing ample room for administrative functions and team collaboration. The expansive 3,704 square foot warehouse area includes a 14-foot overhead door, facilitating efficient loading and unloading of goods. The property sits on a 13,250 square foot lot and provides convenient off-street parking for employees and clients. Safety is prioritized with a comprehensive fire suppression system installed throughout the building. Zoned NO-Neighborhood Office, this Class C building, constructed in 1979, benefits from its strategic location in Billings. The property is available for lease at a modified gross rent of $5,000 per month. This well-maintained building offers a compelling combination of space, functionality, and location, making it an ideal choice for businesses seeking a productive and efficient workspace. The property is also available for purchase at $685,000. The single-tenant building is situated on APN A13780.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,705,521
- 6.5%
- $1,574,327
- 7%
- $1,461,875
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,329,702
- Geo Method
- $1,087,649
-
Alternative Use
- Use
- Valuation
- Residential
- $1,328,004
- Hospitality
- $1,216,444
- Educational
- $1,012,067
- Medical
- $1,046,874
- Retail
- $1,574,327
Location Insight
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Latitude
- 45.7704
- Longitude
- -108.544
- CBSA code
- 13740
- CBSA name
- BILLINGS, MT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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