8 Aspen Entitled Mixed-Use Development Site 802 8th ave 289 Unit Apartment Building $4,900,000 ($16,955/Unit) Bozeman, MT 59715

We are pleased to present the exclusive opportunity to acquire 8 Aspen, a 1.447-acre, fully assembled development site located in Bozeman's rapidly expanding Midtown Urban Renewal District.? Positioned at 802-910 N.? 8th Avenue, the site is approved for a single 194,000-square-foot, six-story mixed-use building comprising 289 residential units and 37,000 square feet of ground-floor commercial and amenity space.? The development project can be expanded even beyond the current plan, as zoning permits greater height and density.?
The site's Midtown location qualifies the project for Tax Increment Financing, with the property lined up to receive substantial public financial support for infrastructure improvements, including the extension of Aspen and Juniper Streets to North 8th Avenue.? Zoned B-2M – Community Business District Mixed – the project aligns with the City of Bozeman's Midtown Growth Policy and is designed to deliver a walkable, pedestrian-friendly addition to one of the city's most dynamic growth corridors.?
Bozeman continues to post exceptional demographic and economic growth, with population up 66% since 2010 and a median single-family home price that has surged 88% over the past five years to $930,000 – making Bozeman the 10th-most expensive housing market in the country.? Housing supply has not kept pace with demand: since 2010, the city has added an estimated 10,952 households against only 10,369 issued housing permits, a deficit of roughly 583 units that continues to push renter demand toward well-located, attainable multifamily product like 8 Aspen.?
This is a rare opportunity to acquire an entitled, infrastructure-supported infill site in one of Bozeman's most supply-constrained submarkets – backed by a highly educated, high-income workforce, immediate proximity to Montana State University, and outsized long-term demand fundamentals.?