1238 Central Ave, Billings, MT
Retail for Sale - $899,000 - 12,000 Sq. Ft. on 0.76 acres
Agent Info
| Nathan Matelich Coldwell Banker Commercial CBS |
Property Info
| CIMLS# | 1183420 |
| Location 1238 Central Ave Billings MT 59101 | |
| Updated | October 30th, 2025 |
| Type | Retail |
| Price | $899,000 |
| Building | 12,000 Sq. Ft. |
| Land | 0.76 acres |
Property Description
1238 Central Ave, Billings, MT 4 Tenant Retail Center For Sale $899,000 ($75 PSF) 12,000 SF Building 33,000 SF Lot Large Pylon Sign Built 1966, Numerous Capital Improvements 2020-2025 Cash Flowing with Current Rents Way Below Market Ideal Redevelopment Opportunity (Storefront Modernization & Light Interior Remodel) After Renovation Value is $1,800,000 to $2,100,000 Based on $12-14 NNN Lease Rates and 8% Cap Rate Financials & Leases Available Upon Request
Tenants:
Sip & Paint – 3,500SF
Contractor – 1,500 SF
Smoker Friendly – 1,500 SF
Everlasting Church – 5,500 SF
Major Improvements:
2020: New roof; New Heater Unit for Sip and Paint.
2021: New Main Sewer Line to the Building; New roof top AC unit for Everlasting Church.
2022: New Rooftop AC Unit for Sip and Paint; Sealed and Striped Parking Lot.
2023: New Gutters; New Commercial Exterior Door for Everlasting Church; Painted Exterior of the Building (Front Side).
2024: New Garage Heater for 1242 Central Avenue
2025: New Gravel in the Alley to Help with Mud, Drainage, Etc.
Are you a contractor, real estate investor or developer looking for your next project? Do you like projects where all of the major capital improvements & infrastructure repairs have already been done and you get to focus on the fun design parts of redevelopment? If so, THIS PROJECT IS FOR YOU! This retail center is a great mix of long term tenants and month to month leases giving you maximum flexibility to enjoy cashflow while you do the storefront modernization. At only $75 PSF, this is your opportunity to buy a retail center at a price the gives an investor/developer tremendous upside.
