1238 Central Ave Billings, MT 59101

Building Details

Year Built

2025

Listing office Coldwell Banker Commercial CBS n***@cbcmontana.com Show Phone

Listing date Mar 5, 2026

Source Cbcworldwide

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Investment Insights

Based on property information with market context.

A retail center located at 1238 Central Ave, Billings, MT, is available for purchase. The building, constructed in 1966, has undergone numerous capital improvements between 2020 and 2025. The property features a 12,000 square foot building situated on a 33,000 square foot lot. A large pylon sign is included. The property is currently cash flowing with rents below market value. An ideal redevelopment opportunity exists through storefront modernization and light interior remodel. The after-renovation value is estimated between $1,800,000 to $2,100,000, based on $12-14 NNN lease rates and an 8% cap rate.

Key Highlights

• Price Reduced to $815,000 ($68 PSF)
• Ideal Redevelopment Opportunity with High After Renovation Value ($1,800,000 to $2,100,000)
• Cash Flowing with Current Rents Way Below Market

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Similar Off Market Nearby

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FAQs

What type of property is this?

Shopping center - Retail center for sale with redevelopment and modernization opportunities.

Where is this shopping center located?

The property is located at 1238 Central Ave Billings, MT.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Price Reduced to $815,000 ($68 PSF); Ideal Redevelopment Opportunity with High After Renovation Value ($1,800,000 to $2,100,000); Cash Flowing with Current Rents Way Below Market