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S 19th Ave - Aaker - Master-Planned Development

1.34 - 35.08 Acre Commercial Land Lots Offered at $1,645,000 - $4,075,000 Per Lot in Bozeman, MT 59718

Investment Highlights

  • Aaker offers pad-ready, improved land lots with complete infrastructure upgrades and flexible zoning in an Opportunity Zone.
  • Phase One includes zoning for up to 500 for-sale/for-rent units and 40,000 square feet of commercial space encompassing 31.7 acres.
  • Future plans may include ±200k SF of retail/office/bar/restaurant/entertainment, ±900 residential units, 28 acres of green space, & an activity barn.
  • Developers, owners/users should inquire for commercial and residential opportunities with this well-designed, Opportunity Zone-located master plan.

Executive Summary

Aaker is led by three guiding principles: create diverse housing and commercial opportunities, enhance and preserve the existing natural systems, and enhance the overall community connectivity. The project now invites developers to join Aaker in embodying the character of Bozeman with a selection of highly flexible lots available for sale or ground lease.

Melding a cohesive, mixed-use destination with Bozeman’s outdoor essence, Aaker is poised to shift the market’s center of gravity to meet the mindset of modern consumers and residents. The first phase spans 31.7 acres and is reserved for residential developments, both for lease and sale, with a potential density of 500 units and 40,000 square feet of commercial space. The residential area, as with every phase of Aaker, will be proliferated with open green space and amenities.

Capturing Bozeman's recreation-minded spirit, nature takes center stage with additions like trails from the main street to the mountains, climbing walls, community gardens, fire pits, and ways to explore the wetlands. These fixtures will be harmoniously intertwined with office hubs, destination retailers, everyday shops, alley cafes, eclectic restaurants, entertainment options, and more.

Bozeman’s economic indicators herald a continuation of its roaring growth across an array of measurements. The strong and diverse mix of sectors has long been led by tourism, but a significant rise in the tech industry has made Bozeman a prominent destination for related companies. Whereas outdoor hubs like Big Sky Resort and Yellowstone long drove employment, businesses and professional centers such as Oracle, Bridger Aerospace, Quiq, S2, and the Headwaters Regional Technology and Innovation Hub are now brimming with well-educated, affluent workers.

Aaker has several facets that will attract these companies and workers, such as an Opportunity Zone designation, amenities at the doorstep of workplaces or homes, and a location connected to all Bozeman offers. Montana State University, nestled virtually next to Aaker, serves as a gateway to three major outdoor destinations, all within a swift 50-minute journey. Moreover, the vibrant Downtown Bozeman, the airport, and the essential Bozeman Medical are all conveniently located within a mere 15-minute drive. Even though Aaker is in an area primarily occupied by MSU students and outside of established, concentrated residential hubs, population growth in the vicinity has skyrocketed. The number of households within a mile radius grew by almost 60% from 2010 to 2023 and is projected to jump another 10.5% by 2028. Make a mark on Bozeman and ride its flourishing economy to success by developing at Aaker today.

Property Facts

Price $1,645,000 - $19,465,000
Sale Type Investment
No. Lots 8
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Community Center
  • Master Planned Community
  • Restaurant
  • Single Family Development
  • Storefront, Retail or Residential
Total Lot Size 95.64 AC
Opportunity Zone Yes

8 Lots Available

Lot 1

Price $1,645,000
Price Per AC $1,218,518.52
Lot Size 1.35 AC

Aaker Phase 1, Block 1, Lot 1

Lot 2

Price $2,770,000
Price Per AC $1,306,603.77
Lot Size 2.12 AC

Aaker Phase 1, Block 2, Lot 1

Lot 3

Price $2,850,000
Price Per AC $1,307,339.45
Lot Size 2.18 AC

Aaker Phase 1, Block 2, Lot 2

Lot 4

Price $4,050,000
Price Per AC $1,306,451.61
Lot Size 3.10 AC

Aaker Phase 1, Block 3, Lot 1

Lot 5

Price $4,075,000
Price Per AC $1,306,089.74
Lot Size 3.12 AC

Aaker Phase 1, Block 3, Lot 2

Lot 6

Price $2,090,000
Price Per AC $1,482,269.50
Lot Size 1.41 AC

Aaker Phase 1, Block 3, Lot 3

Lot 7

Price $1,985,000
Price Per AC $1,481,343.28
Lot Size 1.34 AC

Aaker Phase 1, Block 3, Lot 4

Lot 8

Lot Size 35.08 AC

Aaker Remainder Parcel Price available on request.

Nearby Amenities

Restaurants

Paulie's Deli $ 17 min walk

Hotels

AC Hotels by Marriott
143 rooms
8 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-0798-14-4-02-20-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,268

zoning

Zoning Code R4, R3
R4, R3

Sale Advisor

Sale Advisor

(303) 503-4861
Contact
Andrew Davis, Principal
(303) 503-4861
Contact
Andrew Davis is a Principal at Downing Street Investments and is responsible for investment sourcing, capital markets and joint venture opportunities. Andrew has 15 years of experience in real estate ranging from acquisitions, development, asset management and investor relations. Previously, Andrew oversaw acquisitions and asset management at Forum Real Estate Group. Andrew acquired over 3,000 apartment homes while overseeing a team that actively managed a portfolio of 15,000 apartment homes. Prior to Forum, Andrew was with UDR, Inc., an S&P 500 Multifamily REIT where he was responsible for the oversight and direction of a 50,000 home national multifamily portfolio which included directing the day-to-day analytical and operational support including pricing decisions, occupancy and rent goals for the portfolio as well as providing operational insight into the Company’s disposition/acquisition/development and redevelopment activities. Prior to his work at UDR, Andrew was a buy-side analyst with Morgan Stanley for four years.

Andrew earned a Bachelor of Science degree in finance and Spanish from St. Louis University. Outside of work, Andrew enjoys spending time with his wife, Anna, and three children, Emerson, Jack Robert and Reese Margaret.
  • Listing ID: 31965245

  • Date on Market: 5/30/2024

  • Last Updated:

  • Address: S 19th Ave, Bozeman, MT 59718

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