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1238 Central Ave
Billings, MT 59102
Curves · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Many Major Improvements to the Building Recently
- Ideal Redevelopment Opportunity
Résumé de l'annonce
4 Tenant Retail Center for Sale
PRICE REDUCED $815,000 ($68 PSF)
12,000 SF Building
33,000 SF Lot
Large Pylon Sign
Built 1966, Numerous Capital Improvements 2020-2025
Cash Flowing with Current Rents Way Below Market
Ideal Redevelopment Opportunity (Storefront Modernization & Light Interior Remodel)
After Renovation Value is $1,800,000 to $2,100,000 Based on $12-14 NNN Lease Rates and 8% Cap Rate
Financials & Leases Available Upon Request
Tenants:
Sip & Paint – 3,500SF
Contractor – 1,500 SF
Smoker Friendly – 1,500 SF
Everlasting Church – 5,500 SF
Major Improvements:
2020: New roof; New Heater Unit for Sip and Paint.
2021: New Main Sewer Line to the Building; New roof top AC unit for Everlasting Church.
2022: New Rooftop AC Unit for Sip and Paint; Sealed and Striped Parking Lot.
2023: New Gutters; New Commercial Exterior Door for Everlasting Church; Painted Exterior of the Building (Front Side).
2024: New Garage Heater for 1242 Central Avenue
2025: New Gravel in the Alley to Help with Mud, Drainage, Etc.
Are you a contractor, real estate investor or developer looking for your next project? Do you like projects where all of the major capital improvements & infrastructure repairs have already been done and you get to focus on the fun design parts of redevelopment? If so, THIS PROJECT IS FOR YOU! This retail center is a great mix of long term tenants and month to month leases giving you maximum flexibility to enjoy cashflow while you do the storefront modernization. At this reduced price, this is your opportunity to buy a retail center at a price the gives an investor/developer tremendous upside.
PRICE REDUCED $815,000 ($68 PSF)
12,000 SF Building
33,000 SF Lot
Large Pylon Sign
Built 1966, Numerous Capital Improvements 2020-2025
Cash Flowing with Current Rents Way Below Market
Ideal Redevelopment Opportunity (Storefront Modernization & Light Interior Remodel)
After Renovation Value is $1,800,000 to $2,100,000 Based on $12-14 NNN Lease Rates and 8% Cap Rate
Financials & Leases Available Upon Request
Tenants:
Sip & Paint – 3,500SF
Contractor – 1,500 SF
Smoker Friendly – 1,500 SF
Everlasting Church – 5,500 SF
Major Improvements:
2020: New roof; New Heater Unit for Sip and Paint.
2021: New Main Sewer Line to the Building; New roof top AC unit for Everlasting Church.
2022: New Rooftop AC Unit for Sip and Paint; Sealed and Striped Parking Lot.
2023: New Gutters; New Commercial Exterior Door for Everlasting Church; Painted Exterior of the Building (Front Side).
2024: New Garage Heater for 1242 Central Avenue
2025: New Gravel in the Alley to Help with Mud, Drainage, Etc.
Are you a contractor, real estate investor or developer looking for your next project? Do you like projects where all of the major capital improvements & infrastructure repairs have already been done and you get to focus on the fun design parts of redevelopment? If so, THIS PROJECT IS FOR YOU! This retail center is a great mix of long term tenants and month to month leases giving you maximum flexibility to enjoy cashflow while you do the storefront modernization. At this reduced price, this is your opportunity to buy a retail center at a price the gives an investor/developer tremendous upside.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
12 000 pi²
Classe d’immeuble
C
Année de construction
1966
Prix
1 114 292 $ CAD
Prix par pi²
92,86 $ CAD
Taux de capitalisation
8,82%
Revenu net d’exploitation
98 331 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,36
Taille du lot
0,76 AC
Zonage
CMU1 - Corridor Mixed Use 1
Impôts fonciers
| Numéro de lot | 03-0927-08-2-25-17-0000 | Évaluation des bâtiments | 638 892 $ CAD |
| Évaluation du terrain | 306 411 $ CAD | Évaluation totale | 945 303 $ CAD |
Impôts fonciers
Numéro de lot
03-0927-08-2-25-17-0000
Évaluation du terrain
306 411 $ CAD
Évaluation des bâtiments
638 892 $ CAD
Évaluation totale
945 303 $ CAD
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