120 7Th AveBozeman, MT 59715

Property Details for 120 7Th Ave

Year built

1984

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

2,578 SF

Zone code

6

Property type

Office properties

Property subtype

Office buildings

APN

06-0798-12-1-19-21-0000

APU

6079812119210000

Description

This exceptional 5,156-square-foot medical office building, situated in the heart of downtown Bozeman, Montana, presents a unique leasing opportunity. Built in 1984 and extensively renovated in 2018, this single-tenant Class B property boasts a prime location at 120 N 7th Ave, near the intersection of N 7th and W Lamme. The building sits on a 0.26-acre lot and features convenient on-site parking for 10 vehicles, along with monument signage. Inside, you'll find seven specialized medical exam rooms, a kitchenette, and a bathroom. The flexible B2M zoning allows for diverse commercial uses. The property includes a partially finished basement, adding potential for expansion or storage. This location benefits from high visibility on a busy retail corridor, close proximity to numerous restaurants and professional services, making it ideal for a thriving medical practice or other compatible businesses. Annual triple net (NNN) expenses are approximately $5.50 per square foot. This is an unparalleled chance to establish a presence in Bozeman's rapidly growing market. The property's single-story design and ample parking are significant advantages in a bustling downtown area. Don't miss this chance to secure this exceptional space. Zip code: 59715. Gallatin County.

• CAP approach

  CAP return

  Valuation

  6%

  $461,038

  6.5%

  $425,573

  7%

  $395,175

• Comparable approach

  Method

  Valuation

  Relative Method

  $549,655

  Geo Method

  $549,655

• Alternative Use

  Use

  Valuation

  Residential

  $527,711

  Hospitality

  $483,380

  Educational

  $402,167

  Medical

  $415,998

  Retail

  $625,593

Location Insight

City

Bozeman

County

Gallatin

State

Montana

Latitude

45.681

Longitude

-111.046

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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