Park 1

For Sale

2912 3rd Avenue North, Billings, MT 59101

This Billings property for sale is located at 2912 3rd Avenue North. The current listed sale price for Park 1 is $1,175,000. Park 1 is situated on a lot that is 0.93 acre in size.

Contacts

broker
Matt Robertson, SIOR

NAI Business Properties

Property Details

  • Property Type Retail - Street Retail
  • Property Size 16,044 SF
  • Units 6
  • Lot Size 0.93 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1980
  • Date Updated Jan 23, 2025
The subject property is a multi-tenant office/retail building located in the heart of downtown Billings on 3rd Avenue North and North 29th Street.Park One has recently been condoed and the main floor retail/office space is listed for sale. This value-add multi tenant condo space offers six condoed suites in the Park 1 parking garage. Its convenient downtown location makes it a perfect spot for office and retail use and is currently fully leased. Suite sizes range from 1,677 square feet to 4,179 square feet with the ability to demise in to smaller units.Fully Leased Retail/Office Building
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • First time for private ownership
  • 16,044 SF
  • Value Add Investment Opportunity
  • Fully Leased
  • Mix of Retail and Office Condo Suites
  • Below Market Lease Rates
  • 11.59% Proforma CAP Rate
  • $1,175,000 ($73.24 PSF)

Attachments

Getting around

  • 95/100

    Walk Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Billings, MT
  • Neighborhood Downtown Billings
  • Zip Code 59101

Points of Interest

  • Yellow Cab

    1.20 miles

  • Holiday

    0.29 miles

  • Conoco

    0.29 miles

  • Cenex Zip Trip

    0.70 miles

  • Sinclair

    1.57 miles

  • Cenex

    2.01 miles

  • Sam's Club

    2.09 miles

  • Tesla Supercharger

    5.72 miles

  • Park 3

    0.16 miles

  • Park 2

    0.25 miles

  • s

    0.45 miles

  • Billings Clinic Parking

    0.55 miles

  • DOI Government Vehicle Secure Parking

    0.64 miles

  • DOI Parking Lot

    0.67 miles

  • Interstate Bank Parking Lot

    0.75 miles

  • Senior High Parking Lot

    0.83 miles

  • Parking Garage

    1.02 miles

  • Cisel Lot

    1.06 miles

  • Shanghai Village Downtown

    0.08 miles

  • Mia's Wok

    0.09 miles

  • Mediterranean Soul

    0.09 miles

  • Imperial Thai

    0.10 miles

  • La Tinga

    0.10 miles

  • The Sassy Biscuit Co.

    0.11 miles

  • Velvet

    0.12 miles

  • Spitz

    0.13 miles

  • Jimmy John's

    0.13 miles

  • Guido’s

    0.14 miles

  • Lil Market Groceries

    0.13 miles

  • Albertsons

    0.35 miles

  • Mr. Thrifty Foods

    1.13 miles

  • IGA

    1.97 miles

  • Town & Country Foods

    2.33 miles

  • Target

    2.38 miles

  • The Produce Market

    2.56 miles

  • Dillard's Women

    3.53 miles

  • Big Lots

    3.54 miles

  • TJ Maxx

    3.56 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Matt Robertson, SIOR

NAI Business Properties

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.