Current Use by Public Records
- Specialty properties
Property Details for 6935 Corvette Ave
- Year built
- 2024
- Lot size
- 0.18 lot acres
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional 3,600 square foot commercial property, situated on a 0.184-acre lot in Billings, Montana (zip code 59102, 6935 Corvette Avenue), presents a compelling investment opportunity. Built in 2024, this mixed-use building features two 1800 sq ft units, each boasting a 16-foot ceiling, a 3-foot private man door, and a 14-foot garage door. The units are equipped for optimal functionality with electric power (including 220v), natural gas heat, floor drains, and running water supplied by a 2200-gallon cistern. Each unit also includes its own RV dump and bathroom. A shared 2200-gallon septic system with two drain fields serves both units. The property benefits from community loading docks (one dock shared), gated security, and mailboxes. Currently, both units are 100% occupied with month-to-month leases at $1300 per month each. The asking price is $389,900, representing a price per square foot of $109.77 and a 7.80% cap rate. The property is conveniently located between Billings and Laurel, easily accessible from King Avenue. The potential for a mezzanine addition exists. This property offers a strong return on investment with the potential for future growth.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.591
- Latitude
- 45.7889
