2929 3Rd Ave Billings, MT 59101

Property Details for 2929 3Rd Ave

Year built

1978

Lot size

0.96 lot acres

Property size

53,169 SF

Zone code

CBD

Property type

Banks

APN

03-0927-03-2-42-06-0000

APU

3092703242060000

Description

This exceptional Class A, five-story office building, located at 2929 3rd Ave N in Billings, Montana, presents a unique investment opportunity. Spanning 63,062 square feet on a sizable 42,000 square foot lot (approximately half a block), this property boasts a prime downtown location within both an Opportunity Zone and the downtown Tax Increment Financing (TIF) district. Built in 1978 and renovated in 2005, the building features a desirable three-lane drive-through, ideal for a variety of uses, including a bank, pharmacy, or restaurant. The first and second floors are currently vacant, offering significant potential for an owner-occupier. Floors three through five are occupied by a mix of government tenants, a law office, a property manager, and general office users, resulting in a 61% occupancy rate. The building's former tenant was Rocky Mountain Bank. Excellent exterior signage opportunities exist. Detailed financial information and rent roll are available upon execution of a Non-Disclosure Agreement. This property offers substantial upside potential for investors seeking a strong presence in the heart of Billings. The permitted zoning is CBD Central Business District. The asking price is $5,189,000.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Longitude

-108.51

Latitude

45.7832

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments