1110 Lynn AveBillings, MT 59102

  • Retail properties
  • 5,224 SF
For Lease
$8.90/SF/YR View listing

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
1110 Lynn Ave, Billings, Montana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,087
-
-
$407,100
-
$81,514
$325,586
$407,100

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