2912 3Rd Ave Billings, MT 59101

This exceptional 16,044 square foot retail property in Billings, Montana's Central Business District presents a compelling investment opportunity. Located at 2912 3rd Ave N, this fully leased, multi-tenant building boasts six condo suites, offering a mix of retail and office spaces. Built in 1980, the property sits on a 40,500 square foot lot (APN A00352) and is currently operating at 100% occupancy, generating a strong Net Operating Income (NOI) of $66,895, representing a 5.69% cap rate. The asking price is $1,175,000, translating to $73.24 per square foot. Suite sizes range from 1,677 to 4,179 square feet, offering flexibility for future tenants. Below-market lease rates provide significant potential for value appreciation. This is a first-time offering for private ownership, presenting a rare chance to acquire a well-positioned, income-producing asset in a thriving Montana market. The property's NNN lease structure minimizes landlord responsibilities. Projections indicate a potential 11.59% proforma cap rate, highlighting the significant upside potential. This is a value-add opportunity with substantial long-term growth prospects. The property is zoned for Central Business District use.