For Sale
$389,900

6935 Corvette Ave Billings, MT 59102

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

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Specialty property - Brand-new, multi-tenant commercial shop, ideal investment.
Where is the specialty property located?
The property is located at 6935 Corvette Ave Billings, MT.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: $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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6935 Corvette Ave
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