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2108-2116 Broadwater Avenue

Billings, MT 59102
  • $1,625,000
  • STATUS: Active Under Contract
  • ON SITE: 117 Days
  • MLS #: 335625
Under Contract
UPDATED: 14 min ago
$1,625,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,316
    SQFT
  • $70
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Description

Central Billings landmark office complex with a great cap rate! Occupancy has remained at a stable 90+% for the last 3 years. 35 separate office suites of various configurations ranging from 250 to 800 square feet on three levels. 180 original passive solar panels are mounted on south side of building (these provide heat do not generate electricity). Many recent improvements including HVAC systems, all 3 roof systems, flooring, lighting, restrooms and upgraded interior design throughout. The building is quiet and professional. Many of the office suites have private balconies, vaulted ceilings, and great lighting. Skylights illuminate the common areas. Garden areas add an element of tranquility.

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© 2023 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 2/7/2023.
www.searchbillingsrealestate.com/homes/133868013
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2108-2116 Broadwater Avenue Billings, MT 59102

  • Price: $1,625,000
  • Status: Active Under Contract
  • On Site: 117 Days
  • Updated: 14 min ago
  • MLS #: 335625
0
Beds
0
Baths
0
½ Baths
0.73
Acres
23,316
SQFT
$70
$/SQFT
1980
Built
Neighborhood:
Gorham Park Subd
County:
Yellowstone
Area:
(08) West Billings
Property Description
Central Billings landmark office complex with a great cap rate! Occupancy has remained at a stable 90+% for the last 3 years. 35 separate office suites of various configurations ranging from 250 to 800 square feet on three levels. 180 original passive solar panels are mounted on south side of building (these provide heat do not generate electricity). Many recent improvements including HVAC systems, all 3 roof systems, flooring, lighting, restrooms and upgraded interior design throughout. The building is quiet and professional. Many of the office suites have private balconies, vaulted ceilings, and great lighting. Skylights illuminate the common areas. Garden areas add an element of tranquility.
Exterior Features

Alley YN 1 Building Type Office Built Info Established Construction Siding Cedar Land Sq Ft 31903 Number Of Parking Spaces 48 Parking Desc Blacktop Road Frontage 297 Road Surface Asphalt Roof MembraneMetalShingle

Interior Features

Ceiling Height 8 Heating Gas Forced AirSolar Number Of Levels 4 Office Sq Ft 20892 Shop Or Warehouse Sq Ft 0

Property Features

Annual SID 0 Annual Utility Costs 28500 Cooling Central Disclosure On File Finance Type 1031 ExchangeCashNew LoanOther Gross Annual Income 209907 Insurance 10000 Leased YN No Misc Equipment Underground Sprinklers Net Income 119714 Operating Expenses 90194 Possession At Closing Present Use OfficeProfessional Service Property Sub Type Office Restrictions Deed Sewer City Total Taxes 25960 Water Public Zone Neighborhood Office-Residential

Listing information © 2023 Billings Association of Realtors MLS
Listing courtesy of Elizabeth Shumaker of Real Estate Hub Lllp: (406) 206-4886
© 2023 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 2/7/2023.
 
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