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$1,400,000 / 7492ft2 - 7,492 SF Class A Retail Center for Sale on Busy Broadwater Ave (Billings)
1110 Broadwater Ave, Billings, MT 59101
1110 Broadwater Ave
7492ft2
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*For Sale $1,400,000
*7,492 SF Class A Retail Center
*Completely Renovated Over Last 4 Years
*New Roof, Siding, Electrical, HVAC, Sewer Lines, Plumbing & Interior Remodels For All
Tenants
*5 Separately Metered Units
*4 Tenants Currently
*2,714 SF Retail Space is Currently Vacant (1110 Broadwater)
*Triple Net Leases
*3 Phase Power
*Ideal for Owner Occupied Building or Restaurant
*7.5% Cap Rate once 1110 Broadwater is Leased
*8% Potential Cap Rate
*Financials Available Upon Request
NOTE: Owner is a Licensed Real Estate Agent in the State of Montana
1108-1116 Broadwater Ave is one of Billings most recent retail redevelopments of a building that was previously known as the Suds Hut into a Class A retail center that received a modern facelift, ADA accessibility and a complete renovation to all 5 units that included taking all units down to the studs and doing a build to suit for each tenant.
Notable upgrades include 100% new HVAC units, upgraded electrical service (including 3 phase power) with new electrical wiring in all 5 units, 2 new sewer lines all the way out to the alley, new plumbing in all 5 units, new TPO roof on ½ the building and new modern siding.
Whether you are looking for an owner-occupied retail center or low maintenance, triple net lease building for your 1031 exchange, this building will make a great addition to your real estate portfolio.
Contact:
Nathan Matelich
Coldwell Banker Commercial
Cell: 406-781-6889