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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.

• Sq Footage
  1510
• Days on Market
  29

Additional Features

• Association Fee
  1800
• Association Fee Frequency
  Quarterly
• Building Area Total
  1510
• City
  Bozeman
• Contract Status Change Date
  2024-09-25
• Cooling
  Central Air
• Cooling
  Yes
• Cumulative Days On Market
  349
• Directions
  From I-90 W, Take exit 306 for N 7th Ave. Turn left onto I-90 B L/ N 7th Ave. Turn right onto Durston Rd. Turn left onto N 11th Ave. Destination will be on the right.
• Heating
  Forced Air
• Heating
  Yes
• Latitude
  45.680682
• Listing Contract Date
  29
• Listing Key
  1088752839
• List Price
  345000
• Living Area
  1510
• Longitude
  -111.051109
• MLS Area Major
  Bozeman City Limits
• MLS Area Minor
  1 N E - Boz N of Main/ E of 19th
• MLS Status
  Active
• Original List Price
  345000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  R G G5637
• Parking Features
  Common, Paved, On Street
• Photos Count
  22
• Postal Code
  59715
• Property Sub Type
  Condominium
• Property Type
  Commercial Sale
• Sewer
  Public Sewer
• Standard Status
  Active
• Tax Annual Amount
  2767
• Tax Legal Description
  PROFESSIONAL ARTS CONDO, S12, T02 S, R05 E, UNIT 2
• Tax Year
  2023
• Unit Number
  2
• Unparsed Address
  108 N 11th Avenue 2
• Utilities
  Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Water Available
• Water Source
  Public
• Year Built
  1979

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