1108 - 1116 Broadwater Ave
$1,100,000
1108 - 1116 Broadwater Ave Billings, MT 59102
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About this listing
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.
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 8.5% Cap Rate once 1110 Broadwater is Leased 9% Potential Cap Rate Financials Available Upon Request NOTE: Owner is a Licensed Real Estate Agent in the State of Montana
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Cap Rate
7.5%
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Building Size
7,492 sqft
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Lot Area
28,000 sqft
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Year Built
1952
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Zoning
CMU1-Corridor Mixed Use 1
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MLS ID
240801
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Year Last Renovated
2023
DESCRIPTION
- • Lot Dimension: 28,000 SF
