3333 2Nd AveBillings, MT 59101

Property Details for 3333 2Nd Ave

Year built

1985

Construction

WOOD

Lot size

0.33 AC

Property size (Sq ft)

6,130 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

03-0927-03-2-14-10-0000

APU

3092703214100000

Description

This exceptional 12,864 square foot Class B office building, situated in the heart of downtown Billings, Montana, presents a unique investment opportunity. Built in 1985, the two-story structure sits on a generous 21,220 square foot lot and is currently zoned DX Downtown Support (APN: A00330, A00325). The property features multiple tenancies, with one 734 square foot space currently available. The building offers ample on-site parking, a significant advantage in a bustling downtown area, and includes an additional private lot providing even more convenient parking for tenants and visitors. Its central location at 3333 2nd Ave N, Billings, MT 59101, provides easy access to local amenities, businesses, and transportation routes. The building's executive office subtype caters to businesses seeking a professional and well-maintained workspace. This property is an ideal choice for businesses seeking a prominent downtown presence with convenient parking and a well-established building infrastructure. The building's size and layout offer flexibility for a variety of business needs. Interested parties are encouraged to explore this opportunity to secure a prime location in Billings' thriving downtown core.

• CAP approach

  CAP return

  Valuation

  6%

  $1,361,436

  6.5%

  $1,256,710

  7%

  $1,166,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,550,466

  Geo Method

  $506,461

• Alternative Use

  Use

  Valuation

  Residential

  $1,558,320

  Hospitality

  $1,427,413

  Educational

  $1,187,591

  Medical

  $1,228,434

  Retail

  $1,847,364

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7798

Longitude

-108.514

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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