For Sale
$2,300,000

351 Evergreen DrBozeman, MT 59715

Partially Leased, High NOI, Owner-User Ideal

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-story, 7,805-square-foot Class B office building in Bozeman, Montana, situated on a 0.818-acre lot at 351 Evergreen Drive, 59715. The property, built in 2017 and zoned M2, features two suites. Suite A, approximately 4,045 square feet, is currently vacant and offers multiple offices, a conference room, restrooms, and break areas. Suite B, comprising approximately 3,760 square feet, includes lab space, offices, restrooms, and a break room. Suite B is under a triple-net (NNN) lease expiring September 30, 2027, generating an annual net operating income (NOI) of $75,192 at a rate of $20 per square foot. The building boasts 24 parking stalls and enjoys convenient access to Interstate 90 and downtown Bozeman, approximately 2.3 miles away. This owner-user opportunity allows for immediate occupancy of the vacant suite while benefiting from existing rental income. The property's strategic location and quality construction make it an attractive investment for those seeking a blend of open workspace and dedicated offices. The asking price is $2,300,000. The property's parcel number (APN) is 000RGG1183.

Highlights

  • 2.3 miles from downtown Bozeman.
  • 0.33 miles from the I-90/N 7th Ave Interchange.
  • Quality construction.
  • 24 dedicated parking stalls.
  • Owner-user opportunity: occupy vacant suite while receiving rental income from existing tenant.
  • Mix of open workspace and private offices.

Property Details for 351 Evergreen Dr

Property type
Office properties
Square Feet
7,805 SF
Class
B
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
35,632 SF

Location Insight

City
Bozeman
County
Gallatin
State
Montana
Latitude
45.696938
Longitude
-111.0418464
351 Evergreen Dr, Bozeman, Montana

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351 Evergreen Dr
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