533 24Th StBillings, MT 59102

Property Details for 533 24Th St

Year built

1972

Construction

WOOD

Lot size

0.67 AC

Property size (Sq ft)

1,587 SF

Zone code

R-70

Property type

Specialty properties

APN

03-0927-07-3-06-44-0000

APU

3092707306440000

Description

This exceptional retail property at 533 S 24th St W, Billings, MT 59102, offers 4,605 square feet of space in a prime location. Currently fully vacant, this property presents a unique opportunity for immediate occupancy. The building is situated on a 0.67-acre lot and features multiple suites, with a minimum divisible space of 2,217 square feet and a maximum contiguous space of 4,605 square feet. The property's zoning allows for flexibility in development and use. The building is categorized as Retail, Drive-thru, QSR, and Strip Center, making it suitable for a variety of businesses. The property is ideally located in Yellowstone County, offering excellent visibility and accessibility. Ground lease or build-to-suit options are available, providing potential tenants with significant flexibility in tailoring the space to their specific needs. The large 29,039 square foot lot provides ample space for expansion or additional development. This property represents a compelling investment opportunity in a thriving Montana market. Contact us today to learn more about this exceptional retail space and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $399,458

  6.5%

  $368,730

  7%

  $342,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $401,401

  Geo Method

  $131,118

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $727,302

  Retail / Commercial

  $372,691

  Mixed-Use / Specialty

  $371,153

  Hospitality / Lodging

  $272,031

  Office

  $368,730

  Institutional / Educational

  $385,775

  Residential Income

  $451,357

  Multifamily

  $542,494

  Automotive / Energy

  $330,664

  Parking / Income-Based Land

  $114,315

  Restaurant / Food Service

  $192,593

  Healthcare / Senior Housing

  $380,825

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7595

Longitude

-108.576

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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