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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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

Matt Robertson, SIOR

NAI Business Properties

Location

Getting Around

Walk Score ®
95/100 Walker's Paradise
Bike Score ®
62/100 Bikeable

Map
Street

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.

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