Commercial · Belgrade, MT 59714
23 W Main Street, Belgrade, MT 59714
Belgrade, MT 59714
$1,200,000
ActiveMLS® 406539
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY WITH A 10 YEAR LEASE AT 6.4%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $77,500+ NOI! Call on this one today.
Interior
- Heating Baseboard, Central, Electric, Forced Air, Gas
Utilities
- Sewer Public Sewer
- Utilities Electricity Connected, Natural Gas Available, Sewer Available, Water Available
- Water Public
Land and Lot
- Lot size 0.0746 acres (3,250 sq ft)
Location and Zoning
- Zoning description DD
- County Gallatin
- Neighborhood Crescent
Schools
- School District Belgrade Elementary School District
Tax and Legal
- Annual tax $6,878.47
- Tax year 2024
- Parcel number RFF14583
- Legal description Lot 7, Block 1, Belgrade Original Townsite
Listing Terms and Financial
- Ownership Full
Parking and Garage
- Garage Paved, On Street
Listing Information
- Listing Agent
- Don Lint
- Listing Office
- Realty Executives
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