2319 Broadwater Ave Billings, MT 59102-4715
This exceptional Billings, Montana commercial property at 2319 Broadwater Ave offers a unique blend of office and retail space, ideal for owner-users or investors. The 2,392 square foot building, situated on an 11,399 square foot lot, boasts a prime location and is currently 100% occupied with two tenants, generating a strong return on investment. Built in 1940 and renovated five years ago, the three-story building features a recently updated roof, flooring, paint, lighting, kitchenette, and restroom. The layout includes a reception area, three offices, a private conference room, and a private office on the upper level. The lower levels house a hair salon and a separate tattoo salon. Ample parking is available with 15 spaces. The property is zoned Neighborhood Office-Residential and offers a fantastic opportunity in the thriving Billings market. The asking price is $434,900, translating to $181.81 per square foot. The current leases expire September 30, 2024. This multi-tenant property presents a compelling investment opportunity with significant upside potential. The building consists of one structure with three units.
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AAA Realty Inc Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RP · Billings, MTBillings. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.