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1106 W Park Street, Livingston, MT 59047

$3,350,000
Commercial Property MLS# 514085 ID: 46513327
$3,350,000 Get Rates

Cross Property - Other, IA
Peoples Company is pleased to exclusively represent the Yellowstone Gateway Mall, a 47,777 square foot multi-tenant retail center in Livingston, MT. The center offers a strong mix of national and local tenants including The UPS Store, Yellowstone Gifts and Sports, Aestetic Oral Arts, Crust and Crumb Bakery, Pony Express Lube and Upper Cut Salon. The center is anchored by a newly renovated and expanded Ace Hardware store occupying over 15,000 square feet with a lease extending through 2024 and additional renewal options through 2034. The leases feature rental increases of up to 10% and staggered lease expirations providing investors a strong and stable return. Expenses are shared between tenants, neighboring Shopko and Landlord. Current vacancy of 10,500 square feet provides tremendous upside potential as 2015 CAP rate approached 4%. The property is projected to cap at 6.5% when fully leased and before scheduled rate increases take effect.

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Location Information near 1106 W Park Street
Offered by Andrew Westlake at Peoples Company

Would you like more information regarding this property?
Please call (515) 222-1347.

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Property Features for 1106 W Park Street
Status
Market Status
Sale Pending
Last Updated
October 16, 2017
Description
Property Type
Commercial Property
Sq. Feet
47,777

Building Features

  • Central Air
  • Heating Fuel: Natural Gas

Legal/Financial

  • Taxes: 45693.05

Listing Features

  • Property Type: Commercial;

Data Provided by Des Moines Area Association of REALTORS, Inc.

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More information about this $3,350,000 Commercial Property at 1106 W Park Street

This $3,350,000 Commercial Property at 1106 W Park Street in Livingston, MT is presented by Andrew Westlake. This $3,350,000 Commercial Property, located in the 59047 zip code, has the following property features: Central Air, Heating Fuel, Property Type, Taxes. This 1106 W Park Street Commercial Property, located in Park County , is listed under MLS listing number 514085 and has a listing price of $3,350,000. You can find more LIVINGSTON homes for sale here.