For Sale
$389,900

6935 Corvette AveBillings, MT 59102

Brand-new, multi-tenant commercial shop, ideal investment.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 3,600 square foot commercial property, situated on a 0.184-acre lot in Billings, Montana (zip code 59102, 6935 Corvette Avenue), presents a compelling investment opportunity. Built in 2024, this mixed-use building features two 1800 sq ft units, each boasting a 16-foot ceiling, a 3-foot private man door, and a 14-foot garage door. The units are equipped for optimal functionality with electric power (including 220v), natural gas heat, floor drains, and running water supplied by a 2200-gallon cistern. Each unit also includes its own RV dump and bathroom. A shared 2200-gallon septic system with two drain fields serves both units. The property benefits from community loading docks (one dock shared), gated security, and mailboxes. Currently, both units are 100% occupied with month-to-month leases at $1300 per month each. The asking price is $389,900, representing a price per square foot of $109.77 and a 7.80% cap rate. The property is conveniently located between Billings and Laurel, easily accessible from King Avenue. The potential for a mezzanine addition exists. This property offers a strong return on investment with the potential for future growth.

Highlights

  • $389,900 asking price for this mixed-use commercial land.
  • 0.184-acre lot with a 3,600 square foot building in Billings, MT.
  • Two 30x60ft units, each with 16ft ceilings, 14ft garage doors, and private bathrooms.
  • 100% occupancy with two tenants paying $1300/month each on month-to-month leases.
  • 7.80% cap rate and $109.77 price per square foot.

Property Details for 6935 Corvette Ave

Property type
Specialty properties, Mixed-use properties
Square Feet
3,600 SF
Year Built
2024
Lot Size (sq. ft)
8,015 SF

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.7888857
Longitude
-108.5908853
6935 Corvette Ave, Billings, Montana

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6935 Corvette Ave
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