108 N 11th Avenue 2 , Bozeman, MT 59715
Bozeman, MT 59715
Description
Conveniently located near Main Street in Bozeman, across from Bozeman High School, this 1,510 SF commercial condo is available for sale or lease. Currently built out for medical use, the efficient layout features a waiting area with reception, six exam rooms, a private office, a resource room, a breakroom with kitchenette, and a single-occupant bathroom. The exam rooms are equipped with built-in sinks and are plumbed for nitrous and oxygen. This ground-floor unit is located above a basement, allowing for mechanical, electrical, and plumbing improvements without cutting into a concrete slab. Primarily accessed through the common area lobby, this unit also offers secondary ingress and egress from within the space, providing employees with access without passing through the waiting area. The building features a full basement with an additional breakroom, a dedicated storage area, and laundry machines. This unit is part of the Professional Arts Condominiums, which comprises five units, primarily occupied by medical and professional service providers. While the current level of finish is moderate, the property is aggressively priced at $227 per SF, allowing a purchaser to invest $100K in improvements while still maintaining a price lower than recent comparable sales. This is an excellent opportunity for an owner-user or investor seeking an income property, offered at a 7% cap rate based on rents of $18 per SF NNN.
Details
| MLS# | 397002 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Suite Number | 2 |
| HOA Dues | $1,800 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 12 |
| Listing Provided By | Starner Commercial Real Estate | Michael Reams |
Features
| SQ Feet | 1,510 |
|---|---|
| Zoning | B2M - Community Business - Mixed |
Market Activity 59715
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Learn More About This Property
| State | MT |
|---|---|
| County | Gallatin |
| City | Bozeman |
| Zip Code | 59715 |
| Area | Bozeman City Limits |
| Subarea | 1NE Boz N of Main | E of 19th |
| Listing VS Median (in 59715) | |
Price: $345,000 low | high Med: $42 SqFt: 1,510 low | high Med: 735 $ / SqFt: $228 low | high Med: $0 On Site: 12 low | high Med: 44.000000 | |