3rd Ave & Main St Billings, MT 59101
This exceptional 1.25-acre commercial land parcel, totaling approximately 54,778 square feet, presents a remarkable investment opportunity in Billings, Montana. Strategically located at the intersection of 3rd Avenue and Main Street, this property boasts excellent visibility and accessibility. Its Light Industrial zoning allows for a diverse range of commercial uses, making it ideal for retail or hospitality ventures. The site benefits from convenient ingress and egress points off of both 4th Avenue North and 3rd Avenue North, ensuring seamless traffic flow. Existing infrastructure includes readily available public services, simplifying development and operational costs. A significant advantage is the inclusion of an existing Lamar billboard lease, generating immediate passive income. This prime location in Yellowstone County, Montana, zip code 59101, offers unparalleled potential for businesses seeking high visibility and convenient access within a thriving community. The property's coordinates are 45.7962551 latitude and -108.4814847 longitude. This is a rare opportunity to acquire a well-situated commercial lot with existing income potential and significant development possibilities. The asking price is $931,226.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.