2305 Montana AveBillings, MT 59101

Property Details for 2305 Montana Ave

Year built

1915

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

5,330 SF

Zone code

CBD

Property type

Retail space

APN

03-1033-33-3-05-03-0000

APU

3103333305030000

Description

This exceptional 5,330-square-foot brew pub space, located at 2305 Montana Avenue in Billings, Montana's vibrant Central Business District, is available for lease. Previously home to a highly successful brewery and restaurant for over a decade, this fully equipped property boasts a remodeled interior (2012), a full kitchen with a grill hood, and two walk-in coolers (one for kitchen use, one for beer kegs). The space offers the unique option of converting an overhead garage door to create an open-air seating area, enhancing its appeal and capacity. Situated on a 5,350-square-foot lot, the property benefits from its established customer base, surrounded by thriving businesses including the Billings Depot, Cushing Terrell Architects, Old Town Flats Luxury Apartments, and The Pub Station Music Venue. The lease is priced at $8,262 per month plus utilities, with a triple net (NNN) rate of $15 per square foot ($3.60 PSF NNN). All furniture, fixtures, and equipment are available for purchase separately, providing a turnkey opportunity for a new operator. This is a rare chance to establish a thriving business in a prime location with a rich history and built-in clientele. The property is zoned for Central Business District use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,356,010

  6.5%

  $1,251,700

  7%

  $1,162,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,402,050

  Geo Method

  $457,979

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,442,680

  Mixed-Use / Specialty

  $1,246,530

  Hospitality / Lodging

  $913,627

  Office

  $1,238,400

  Institutional / Educational

  $1,295,640

  Residential Income

  $1,515,900

  Multifamily

  $1,821,990

  Automotive / Energy

  $1,110,550

  Parking / Income-Based Land

  $383,932

  Restaurant / Food Service

  $646,831

  Healthcare / Senior Housing

  $1,279,020

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7843

Longitude

-108.499

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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