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
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1980
  • Date Updated Oct 14, 2024
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

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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)

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

  • Conoco

    0.29 miles

  • Holiday

    1.27 miles

  • Sinclair

    1.57 miles

  • Conoco

    1.73 miles

  • Cenex

    2.06 miles

  • Sam's Club

    2.09 miles

  • Cenex

    2.29 miles

  • Exxon

    2.33 miles

  • Conoco

    2.56 miles

  • Conoco

    2.57 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

  • Rimrock East

    1.20 miles

  • Shanghai Village Downtown

    0.08 miles

  • Pita Pit

    0.08 miles

  • Mia's Wok

    0.09 miles

  • Imperial Thai

    0.10 miles

  • La Tinga

    0.10 miles

  • Sassy Biscuit

    0.11 miles

  • Velvet

    0.12 miles

  • Seva Kitchen

    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

  • Albertsons

    1.25 miles

  • Albertsons

    1.86 miles

  • IGA

    1.97 miles

  • Town & Country Foods

    2.33 miles

  • Target

    2.38 miles

  • The Produce Market

    2.56 miles

  • Albertsons

    2.56 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