4550 King AveBillings, MT 59101

Property Details for 4550 King Ave

Year built

2008

Lot size

9.28 AC

Property size (Sq ft)

79,084 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-0927-16-2-80-10-0000

APU

3092716280100000

Description

This exceptional 1-acre commercial land parcel, located at 4550 King Ave E, Lot 6A-1 in Billings, Montana, presents a unique investment opportunity. Priced at $827,640 ($19/sq ft), this property boasts a highly desirable location within the South Billings Town Center, directly adjacent to Cabela's. The site is zoned CMU2-Corridor Mixed Use 2, offering flexibility for a variety of commercial developments. Its strategic position benefits from excellent visibility and accessibility, situated near the I-90 and South Billings Boulevard interchange. Thousands of vehicles pass daily, ensuring high exposure for any business established here. The South Billings Town Center is anchored by Sam's Club and Cabela's, providing a strong retail presence and significant foot traffic. This 59101 zip code location offers a compelling combination of high visibility, convenient access, and established commercial surroundings, making it an ideal site for businesses seeking a prominent presence in a thriving area of Billings. The property's one-acre size provides ample space for development, while the asking price represents a competitive value in this sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,819,140

  6.5%

  $23,833,052

  7%

  $22,130,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,406,904

  Geo Method

  $16,465,479

• Alternative Use

  Use

  Valuation

  Residential

  $20,104,070

  Hospitality

  $18,415,220

  Educational

  $15,321,247

  Medical

  $15,848,169

  Retail

  $23,833,052

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7534

Longitude

-108.529

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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