1108 Broadwater AveBillings, MT 59102

Property Details for 1108 Broadwater Ave

Property size (Sq ft)

7,492 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional 7,492 square foot Class A retail center in Billings, Montana, presents a compelling investment opportunity. Located at 1108-1116 Broadwater Ave, this completely renovated property boasts a modern design and ADA accessibility. The building underwent a comprehensive renovation, including new HVAC units, upgraded electrical service (with 3-phase power), new sewer lines, updated plumbing, a new TPO roof, and modern siding. All five units were renovated down to the studs, offering a build-to-suit approach for each tenant. Currently, four tenants occupy the space, with one 2,714 square foot unit available for lease. The property sits on a 28,000 square foot lot and is zoned CMU1-Corridor Mixed Use 1. Triple net leases are in place, making this a low-maintenance investment. The current cap rate is 7.5%, with potential to reach 8% upon leasing the vacant unit. This property is ideal for owner-occupancy or a 1031 exchange, offering a strong return on investment. Financial details are available upon request. This is a rare opportunity to acquire a high-quality, recently renovated retail center in a desirable Billings location.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7767

Longitude

-108.544

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