Park 1

2912 3rd Avenue North, Billings, MT 59101

  • For Sale $1,175,000
  • 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 Nov 22, 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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Attachments

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)

Contacts

broker
Matt Robertson, SIOR

NAI Business Properties

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

How much does Park 1 cost?

The space currently listed for sale at Park 1 asks for $1,175,000.

What is the total square footage of Park 1?

Park 1 totals 16,044 square feet.

When was this property built?

Park 1 was built in 1980.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Matt Robertson, SIOR

NAI Business Properties