Multifamily Land Development Opportunity

Grand Ave, Billings, MT 59102

  • For Sale $2,950,000
  • Property Type Multi-Family
  • Property Size 185,616 SF
  • Units 176
  • Lot Size 7 Acre
  • Date Updated Mar 26, 2024
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.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.

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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

Contacts

broker

Brian McDonald

NAI Business Properties

(406) 294-6303

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Billings, MT
  • Neighborhood Northwest Shiloh
  • Zip Code 59102

Points of Interest

  • Yellow Cab

    5.59 miles

  • Holiday

    0.56 miles

  • Cenex

    0.87 miles

  • Cenex

    1.58 miles

  • Holiday

    2.14 miles

  • Conoco

    2.29 miles

  • Conoco

    2.37 miles

  • Mobil

    2.50 miles

  • Cenex

    2.58 miles

  • Holiday

    2.88 miles

  • Holiday

    2.94 miles

  • Senior High Parking Lot

    3.93 miles

  • Rimrock West

    4.08 miles

  • Rimrock East

    4.21 miles

  • Parking Garage

    4.28 miles

  • Billings Clinic Parking

    4.43 miles

  • Park 3

    4.90 miles

  • Park 2

    4.99 miles

  • s

    5.16 miles

  • DOI Government Vehicle Secure Parking

    5.18 miles

  • DOI Parking Lot

    5.22 miles

  • Western Executive Inn

    2.25 miles

  • Surestay Plus Hotel By Best Western Billings

    2.40 miles

  • Residence Inn Billings

    2.73 miles

  • Hilton Garden Inn Billings

    2.74 miles

  • TownePlace Suites Billings

    2.79 miles

  • Quality Inn Homestead Park

    3.11 miles

  • Comfort Inn

    3.11 miles

  • SpringHill Suites by Marriott Billings

    3.12 miles

  • C'mon Inn Hotel of Billings

    3.12 miles

  • Fairfield Inn & Suites by Marriott Billings

    3.13 miles

  • Oktoberfest

    0.29 miles

  • Grand Garden

    0.30 miles

  • Subway

    0.51 miles

  • Topz

    0.52 miles

  • Wendy's

    0.61 miles

  • Subway

    0.78 miles

  • MacKenzie River Pizza

    0.80 miles

  • Enzo

    0.82 miles

  • McDonald's

    0.83 miles

  • Domino's

    1.01 miles

  • Boulder Elementary School

    0.61 miles

  • Arrowhead School

    0.65 miles

  • Will James Middle School

    0.73 miles

  • Trinity Lutheran School

    1.04 miles

  • Billings Christian Schools

    1.08 miles

  • City College at Montana State University Billings

    1.16 miles

  • Meadowlark Elementary School

    1.36 miles

  • Grace Montessori Academy

    1.56 miles

  • Poly Drive School

    1.56 miles

  • Saint Francis Catholic School

    1.74 miles

  • Kid Kountry Child Development Center

    1.69 miles

  • Early Childhood Intervention

    1.94 miles

  • St. Luke's Child Enrichment Center

    4.61 miles

  • A Small World Early Childhood Center

    6.88 miles

Frequently Asked Questions

What is the lease rate for Multifamily Land Development Opportunity?

Rental asking rate at Multifamily Land Development Opportunity is $1,475,000.00/YR.

What is the total square footage of Multifamily Land Development Opportunity?

Multifamily Land Development Opportunity totals 185,616 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Brian McDonald

NAI Business Properties

(406) 294-6303