108 N 11th Avenue 2
Bozeman, Montana 59715
MLS #397002 | $345,000Listing Details
- 1510Sq Footage
- $345,000Price
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.
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Additional Features
- Association Fee
1800 - Association Fee Frequency
Quarterly - Building Area Total
1510 - City
Bozeman - Contract Status Change Date
2024-09-25 - Cooling
Central Air - Cooling
Yes - Cumulative Days On Market
349 - Directions
From I-90 W, Take exit 306 for N 7th Ave. Turn left onto I-90 B L/ N 7th Ave. Turn right onto Durston Rd. Turn left onto N 11th Ave. Destination will be on the right. - Heating
Forced Air - Heating
Yes - Latitude
45.680682 - Listing Contract Date
2024-09-25 - Listing Key
1088752839 - List Price
345000 - Living Area
1510 - Longitude
-111.051109 - MLS Area Major
Bozeman City Limits - MLS Area Minor
1 N E - Boz N of Main/ E of 19th - MLS Status
Active - Original List Price
345000 - Originating System Name
S W M T - Ownership
Full - Parcel Number
R G G5637 - Parking Features
Common, Paved, On Street - Photos Count
22 - Postal Code
59715 - Property Sub Type
Condominium - Property Type
Commercial Sale - Sewer
Public Sewer - Standard Status
Active - Tax Annual Amount
2767 - Tax Legal Description
PROFESSIONAL ARTS CONDO, S12, T02 S, R05 E, UNIT 2 - Tax Year
2023 - Unit Number
2 - Unparsed Address
108 N 11th Avenue 2 - Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Water Available - Water Source
Public - Year Built
1979
Contact So Red About This Listing
Listing Provided By Starner Commercial Real Estate, Michael Reams
Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.
