1503 Grand Ave Billings, MT 59102
- Grocery and convenience stores
- 2,749 SF
- 0.32 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1503 Grand Ave
- Year built
- 1981
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 2,749 SF
- Zone code
- CC
- Property type
- Grocery and convenience stores
- APN
- 03-1032-36-4-01-03-0000
- APU
- 3103236401030000
Description
This exceptional retail investment opportunity is located at 1503 Grand Ave, Billings, MT 59102. The property features a 2,749 square foot building on a 13,783 square foot lot, currently vacant. Built in 1981 and renovated in 2004, the structure is zoned CMU2-Corridor Mixed Use 2 and offers excellent frontage on Grand Avenue at a highly visible, lit intersection. The property boasts a high daily traffic count, with Grand Avenue registering 22,750 vehicles and 15th Street West showing 8,732. Previously used as a gas station, all underground tanks have been removed, and DEQ approval for closure is pending. A valuable billboard lease accompanies the property. The asking price is $750,000, translating to $272.83 per square foot. This is a single-tenancy, NNN lease property. This prime location presents a unique chance to acquire a well-situated retail pad in a thriving Billings market. The property's size and visibility make it ideal for a variety of retail uses. The inclusion of a billboard lease adds significant potential for supplemental income.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.554
- Latitude
- 45.7844
- CBSA code
- 13740
- CBSA name
- BILLINGS, MT METROPOLITAN STATISTICAL AREA
