176 Units Development

Grand Ave Billings, MT 59102

Grand Ave, Billings, MT, 59102
Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102 Grand Ave, Billings, MT, 59102
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,950,000
Last Verified:
Mar 27, 2024

Highlights

  • Multifamily development land located in an expanding area of Billings
  • 176 total units - 144 apartments & 32 townhomes
  • Zoned NX1 & NX3 for multifamily/high-rise development, which allows 32 townhomes & 156 multifamily units (maximum density 188 units)
  • Situated on 7 acres of build-ready land
  • All utilities are at or near the site
  • Seller will deliver the property fully rezoned & entitled for build-to-rent or sale townhomes & garden style apartments
  • Proformas available upon request
  • Easy access to grocery, hardware, restaurants, golf, & other amenities
  • Thoughtfully designed development for multifamily investment
  • Plan includes on-site off street parking with dedicated areas for each residence
  • Tax Code: D04783A

Description

Featuring 144 apartment units & 32 townhomes, this impressive property in the Billings area is a remarkable investment opportunity for multifamily/high-rise investors. Boasting a prime location, this property offers a blend of modern amenities. With multiple layouts and strategic positioning, it presents an attractive option for those seeking to enter or expand their presence in the multifamily real estate market. This property is poised to deliver a seamless living experience, making it an ideal choice for investors looking to tap into the potential of the thriving Billings area.

Seller will deliver the property fully re-zoned and entitled for, build-to-rent townhomes and garden style apartments, or the buyer may take over the entitlement process and submit applications for alternate product type that fits the zoning designation.

Discover the potential of this prime West End location in Billings, Montana. Situated in the heart of the city, this development offers a gateway to endless possibilities. Embrace the allure of this vibrant neighborhood. Nearby shopping, bike trails, golfing, and other amenities add to the appeal, making it an ideal setting for a new development project. This is your chance to be part of a thriving community and shape the future of Billings.

Building Size: 185616sq ft
Lot Size: 7.0 acres


Documents

Alt Sale Brochure

Map of Grand Ave, Billings, MT, 59102

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.