1425 Broadwater Ave Billings, MT 59102-5323

Property Details for 1425 Broadwater Ave

Year built

1956

Construction

WOOD

Lot size

0.96 lot acres

Property size

18,514 SF

Zone code

CC

Property type

Bars

Property subtype

Pubs

APN

03-0927-05-2-02-02-0000

APU

3092705202020000

Description

This exceptional 18,514 square foot casino property, located at 1425 Broadwater Avenue in Billings, Montana, presents a unique investment opportunity. Built in 1956 with renovations in 1985 and 2007, the single-story building sits on a substantial 41,755 square foot lot, zoned CMU1-CORRIDOR MIXED USE 1. The asking price is $1,995,000, translating to $107.76 per square foot. Land value alone is assessed at $108 per square foot. The property boasts a fully equipped kitchen, a dance floor, and two full bars, previously operating as a restaurant, sports bar, and arcade. While the current Net Operating Income (NOI) is $0, there's potential for significant revenue generation. A concession agreement with the owners of the adjacent Plum Creek license may be attainable, offering a pathway to securing a casino license. Note that the sale does not include the existing license. This owner/user investment presents a rare chance to acquire a well-established property in a vibrant location with substantial upside potential. The property's history and existing infrastructure provide a solid foundation for a successful venture. Serious inquiries are encouraged.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Longitude

-108.552

Latitude

45.7773

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments