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    2316 1St Ave Billings, MT 59101

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    For Lease
    Contact for pricing

    Prime Retail, 1900 sq ft, New Construction

    Lot size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,900-square-foot retail space is located in the heart of Billings' vibrant downtown, within the Old Town Flats development. This Class A, single-tenant property, built in 2024, offers unparalleled visibility and accessibility. Situated in a high-traffic area with excellent retail exposure, the space is ideal for a variety of businesses. The property is zoned CBD and located in Yellowstone County. The landlord is open to build-to-suit options for tenants signing long-term leases, offering flexibility to tailor the space to specific business needs. The space can be leased as a single 1,900 sq ft unit or divided into two 950 sq ft units. Monthly rent ranges from $1,979 to $4,433, plus utilities, with a triple net (NNN) rate of $21-$24 per square foot, with NNN charges at $4 PSF. The Old Town Flats development includes 36 high-end residential units, creating a built-in customer base for retail tenants. Building amenities include electric vehicle charging stations, key card access, security cameras, a dog park, and a community patio with grills. The property enjoys close proximity to numerous restaurants and shops, and neighboring businesses include Ciao Mambo, Uberbrew, Nova Theater, and Buffalo Block at the Rex. This is a rare opportunity to secure a prime retail location in a thriving downtown area.

    Property Features for 2316 1St Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,900 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    1,900 SF

    HighLights

    • 1,900 SF of new construction retail/office space available for lease in Billings, MT's Old Town Flats development.
    • Located in the Central Business District (CBD) of Yellowstone County.
    • Building is Class A and was built in 2024.
    • Lease rate: $1,979-$4,433/month + utilities ($21-$24 PSF NNN, NNN charges $4 PSF).
    • Landlord will build‑to‑suit for long‑term tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    MPG cheer & tumbl Gymnastics Center Dr. Jonas M. ... Doctor Montana Performance Gym ... Gym VAN Rental Billings ... Van Rental Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5001027
    Latitude
    45.784607

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    FAQs

    What type of property is this?
    Land - Prime Retail, 1900 sq ft, New Construction
    Where is this land located?
    The property is located at 2316 1St Ave Billings, MT.
    What are key features of this property?
    This property features: 1,900 SF of new construction retail/office space available for lease in Billings, MT's Old Town Flats development.; Located in the Central Business District (CBD) of Yellowstone County.; Building is Class A and was built in 2024.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2316 1St Ave Billings, MT 59101
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