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303 N Broadway 117,141 SF 28% Leased Office Building Billings, MT 59101 $2,500,000 ($21.34/SF)
INVESTMENT HIGHLIGHTS
- Current Use: Office/Bank (US Bank occupies 1st & 2nd floors)
- Occupancy: 24.21%
- Lot Size: ±28,364 SF with approximately (10,500 SF of lease hold land interest)
EXECUTIVE SUMMARY
303 North Broadway is an iconic 8-story high-rise located in the heart of Downtown Billings, Montana’s largest city. Originally constructed in 1954 and remodeled in 2001, the ±117,141 square foot building presents a unique repositioning opportunity. The structure is anchored by US Bank, which currently occupies the first two floors. The balance of the building is largely vacant and facing extensive deferred maintenance, offering significant upside for value-add investors, hospitality/multifamily redevelopers, and institutions seeking a prime urban location.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
117,141 SF
Building Class
C
Year Built
1954
Price
$2,500,000
Price Per SF
$21.34
Percent Leased
28%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
14,643 SF
Slab To Slab
13’4”
Building FAR
2.56
Lot Size
1.05 AC
Opportunity Zone
Yes
Zoning
CBD - The Central Business District (CBD) zoning district is intended to serve as the commercial and cultural core of the city, supporting a diverse mix
Parking
44 Spaces (0.38 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Accent Lighting
- Air Conditioning
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Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 03-1033-32-4-07-06-0000 | Improvements Assessment | $7,576,371 |
| Land Assessment | $1,137,229 | Total Assessment | $8,713,600 |
PROPERTY TAXES
Parcel Number
03-1033-32-4-07-06-0000
Land Assessment
$1,137,229
Improvements Assessment
$7,576,371
Total Assessment
$8,713,600
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303 N Broadway
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