4025 1St AveBillings, MT 59101

This exceptional 23,160-square-foot warehouse building, situated on a 77,500-square-foot lot in Billings, Montana, presents a compelling investment opportunity. Constructed in 1973, the single-story structure features four separate tenant spaces ranging from 3,000 to 11,000 square feet, offering flexibility for owner-occupancy or multi-tenant income generation. The property boasts seven 14-foot overhead doors, two loading docks, and three-phase power, catering to diverse industrial and warehousing needs. The I1-Light Industrial zoning allows for a variety of uses. A fenced yard provides ample outdoor space. Currently, most units are vacant or on month-to-month leases, providing immediate upside potential for a new owner. The asking price is $1,970,000, translating to $85 per square foot. The property's Net Net Net (NNN) lease rate is $2.50 per square foot. This centrally located property offers a rare combination of size, functionality, and location, making it an ideal acquisition for investors seeking strong returns or owner-occupants needing substantial space. The property's multi-tenant configuration allows for diverse income streams and potential for future rent increases.