Evergreen Square | 1301 11th Ave S
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Evergreen Square 1301 11th Ave S
18,336 SF 100% Leased Retail Building Great Falls, MT 59405 $2,450,000 ($134/SF) 9% Cap Rate
Investment Highlights
- 100% occupied
- C-2 Zoning
- Prime Location
- Excellent Condition
Executive Summary
100% occupied commercial building one block off of 10th Avenue South. Five successful long-term tenants include Nail Club, Charter/Spectrum, Benefis Foot & Ankle Clinic, Race MT, and My Hearing Centers which make this building a thriving hub of activity. Pre-engineered steel frame, durable metal roof, brand-new water heater for common areas, and plenty of parking. Travertine tile, several benches, upgraded interior signage, lighting, and a vending machine provide for an inviting common area. Pylon sign and cabinet signs provide tenants with maximum exposure and visibility. Two common area restrooms, four of the five tenants also have their own restrooms within their spaces. Walk-up staircase to the second level has tons of room for storage or opportunity for additional office space. Tenants pay their own gas/electric if separately metered and their own interior janitorial.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,336 SF
Building Class
B
Year Built/Renovated
1964/2023
Price
$2,450,000
Price Per SF
$134
Cap Rate
9%
NOI
$220,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.86 AC
Zoning
C2-General Commercial - City - C-2 General Commerical
Parking
60 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
150 FT on 13th Street South
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-3015-13-1-10-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,715,620 |
PROPERTY TAXES
Parcel Number
02-3015-13-1-10-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,715,620
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Evergreen Square | 1301 11th Ave S
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