712 Wheat Drive,  Bozeman MT, 59715

(Active)
$1,495,000
|
5,094 sqft
|
MLS# 301184
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Last Updated: 7/25/2017 3:59 AM
Description for 712 Wheat Drive Bozeman, MT 59715
RARE OPPORTUNITY TO OWN THIS HIGHLY VISIBLE COMMERCIAL PROPERTY AT I90 AND N. 7TH EXCHANGE IN BOZEMAN. PANDA BUFFET HAS BEEN A TENANT SINCE 2003. PRIOR TO THAT, THIS SITE WAS LEASED TO APPLE TREE RESTAURANT FOR APPROIMATELY 15 YEARS. NNN LEASE EXPIRES AUGUST 2018, BUT TENANTS PREFER TO REMAIN AND SIGN NEW LEASE WITH NEW OWNER. TENANTS INVESTED OVER $200,000 IN INTERIOR REMODEL WITHIN THE LAST YEAR AND $65,000 WORTH OF NEW SIGNAGE, NEW ROOFING AND RESURFACING OF PARKING LOT ALSO WAS COMPLETED WITHIN THE LAST YEAR. ENTRY CORRIDOR OVERLAY AND B2 ZONING ALLOWS A MULTITUDE OF COMMERCIAL USES AND NORTH 7TH IS UNDERGOING AN EXCITING REVITALIZATION. NET YRLY RENT INCOME IS $108,000. FOR A 7.2% CAP RATE BASED ON ASKING PRICE. ALSO, PRIME CANDIDATE FOR REDEVELOPMENT SHOULD A BUYER DECIDE NOT TO RENEW CURRENT LEASE. LEASE CAN EXPIRE AUGUST 2018. PLEASE CALL AGENT FOR CAVEAT REGARDING LEASE.
Price
$1,495,000
Gallatin
5,094 (approx)
301184
Active
Description
RARE OPPORTUNITY TO OWN THIS HIGHLY VISIBLE COMMERCIAL PROPERTY AT I90 AND N. 7TH EXCHANGE IN BOZEMAN. PANDA BUFFET HAS BEEN A TENANT SINCE 2003. PRIOR TO THAT, THIS SITE WAS LEASED TO APPLE TREE RESTAURANT FOR APPROIMATELY 15 YEARS. NNN LEASE EXPIRES AUGUST 2018, BUT TENANTS PREFER TO REMAIN AND SIGN NEW LEASE WITH NEW OWNER. TENANTS INVESTED OVER $200,000 IN INTERIOR REMODEL WITHIN THE LAST YEAR AND $65,000 WORTH OF NEW SIGNAGE, NEW ROOFING AND RESURFACING OF PARKING LOT ALSO WAS COMPLETED WITHIN THE LAST YEAR. ENTRY CORRIDOR OVERLAY AND B2 ZONING ALLOWS A MULTITUDE OF COMMERCIAL USES AND NORTH 7TH IS UNDERGOING AN EXCITING REVITALIZATION. NET YRLY RENT INCOME IS $108,000. FOR A 7.2% CAP RATE BASED ON ASKING PRICE. ALSO, PRIME CANDIDATE FOR REDEVELOPMENT SHOULD A BUYER DECIDE NOT TO RENEW CURRENT LEASE. LEASE CAN EXPIRE AUGUST 2018. PLEASE CALL AGENT FOR CAVEAT REGARDING LEASE.
Listing Information
Property Type: General Commercial, Other
5,094 (approx) 1982
City
City Sewer
Three Phase Available, Natural Gas, Telephone
Neighborhood
Room Information
Interior Features
Central Air
Gas Heat, Forced Air
3
Exterior / Lot Features
Shared Driveway, Paved Driveway, 26+ Spaces
None
B2 - Comm>
Driving Directions
NORTH ON 7TH FROM MAIN ST, ON WEST SIDE OF 7TH IMMEDIATELY AFTER I90 EXCHANGE
Financial Considerations
000RGG6523
Listing Price History

Bozeman Real Estate

Bozeman, Montana 59715 has a population of 43,405.

The median household income in Bozeman, Montana 59715 is $46,422. The median household income for the surrounding county is $54,298 compared to the national median of $53,482. The median age of people living in Bozeman 59715 is 27.5 years.

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Courtesy: Absaroka Realty Jennifer Monroe
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Gallatin Association of REALTORS.
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