2401 Montana Ave - Retail FOR SALE


Billings, MT 59101- Downtown Billings
$4,500,000 USD
406-781-6889
2401 Montana Ave, Billings, MT for Sale
$4,500,000 USD
Retail - FOR SALE
1/41
null | Request Cap Rate

2401 Montana Ave
Billings, MT 59101
Downtown Billings


HIGHLIGHTS

  • Landmark historic property with architectural prestige.
  • Liquor license concession available.
  • Prime downtown location ideal for dining, hospitality, catering, boutique office tenants, and residential use.
  • Additional parking available.

OVERVIEW

Buffalo Block @ The Elegant Historic Rex Building For Sale PRICE REDUCED: $4,500,000 For Lease: $16.00 - $22.00 SF/YR Timeless Character. Modern Opportunity. The Historic Rex building blends historic charm with contemporary flexibility, offering a rare chance for both investors and restaurateurs. Its prime location and landmark reputation make it an ideal setting for a signature dining destination, boutique office, or adaptive mixed-use concept. History of the Rex Building: "The Eclectic style hotel was built in 1920 by Alfred Heim, chef for the Buffalo Bill Cody Wild West Show. Bill Cody helped finance the project and was a frequent visitor to the hotel. You can see the original pressed tin ceiling of the first floor in the present-day Rex Restaurant. The one-story wing to the east was added in 1998". Resource: Yellowstone Historic Presentation Board. Main Floor/ Basement Options Option 1 - Full Service Restaurant with all beverage liquor license concession available. Option 2 - Mixed Use: Restaurant & Banquet Space with all beverage liquor license concession available. Option 3- Class A Office Space: Renovation Required Option 4 - Purchase of building and all beverage license *License Shall NOT be sold separately* Property Highlights: Buffalo Block @ Historic Rex Building (fine dining area): 3,250 SF Addition (bar/lounge): 3,194 SF Basement: 3,250 SF (must be part of first floor sublease; not leasable as standalone) Total Rentable SF (main floor/basement): 6,444 SF Second Floor: 3,250 SF Third Floor: 3,250 SF Landmark historic property with architectural prestige. Liquor license concession available. Prime downtown location ideal for dining, hospitality, catering, boutique office tenants, and residential use. Additional parking available.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Buffalo Block @ the Historic Rex Building

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CBD

APN/PARCEL ID

03-0927-03-1-48-11-0000

ASK ABOUT THIS PROPERTY

Nathan Matelich, CCIMColdwell Banker CommercialMore Info
406-781-6889

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Nathan Matelich, CCIMColdwell Banker CommercialMore Info
406-781-6889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.