108 N 11th Ave
Bozeman, MT 59715

• Unit Size: 1,510 SF
• Condo Use: Medical Office
• Price: $345,000 USD
• Sale Type: Owner User
• Price/SF: $228.48 USD

Description

Conveniently located near Main Street in Bozeman, across from Bozeman High School, this 1,510 SF commercial condo is available for sale or lease. Currently built out for medical use, the efficient layout features a waiting area with reception, six exam rooms, a private office, a resource room, a breakroom with kitchenette, and a single-occupant bathroom. The exam rooms are equipped with built-in sinks and are plumbed for nitrous and oxygen. This ground-floor unit is located above a basement, allowing for mechanical, electrical, and plumbing improvements without cutting into a concrete slab. Primarily accessed through the common area lobby, this unit also offers secondary ingress and egress from within the space, providing employees with access without passing through the waiting area. The building features a full basement with an additional breakroom, a dedicated storage area, and laundry machines. This unit is part of the Professional Arts Condominiums, which comprises five units, primarily occupied by medical and professional service providers. While the current level of finish is moderate, the property is aggressively priced at $227 per SF, allowing a purchaser to invest $100K in improvements while still maintaining a price lower than recent comparable sales. This is an excellent opportunity for an owner-user or investor seeking an income property, offered at a 7% cap rate based on rents of $18 per SF NNN.

Sale Notes

1,510 SF commercial condo near Main Street and Bozeman High School
Available For Sale or Lease; currently built for medical use
Layout: Reception, six exam rooms, private office, breakroom, and bathroom
Exam rooms equipped with built-in sinks, plumbed for nitrous/oxygen
Ground-floor unit with surplus space in common area basement
Priced at $227 per SF, offering a 7% cap rate with $18 per SF NNN rents