Tremendous I-90 Interchange Location

Billings, MT (Yellowstone County)

Tremendous I-90 Interchange Location
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Asking Price: Get Financing: $2,100,000

Cash Flow: N/A

Gross Revenue: $1,245,651



Inventory: N/A

Real Estate: $1,400,000

Established: 1999

Tremendous I-90 Interchange Location

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Business Description

Outstanding interchange location in Montana's largest city. Features a Restaurant/Bar/Casino in the middle of 1,133 Motel/Hotel Rooms in a rapidly growing area of the City.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building SF:
This property consists of a 5,420 sq. ft. building (built in 1994) on a 64,683 sq. ft. lot is located at a corner with a stoplight at the I-90 King Avenue West Interchange. It is adjacent to the Kelly Inn (80 rooms), two buildings away from a new La Quinta Inn & Suites (85 rooms), across the street from the newly purchased Radisson Hotel & Convention Center (316 rooms), the newly flagged Red Lion Hotel & Convention Center (235 rooms) and the Howard Johnsons Motel (116 rooms). This property is within walking distance of 1,133 motel/hotel rooms. Included with the sale is a Billings All Beverage License with Gaming ($700,000 value) which allows for 20 Electronic Gaming Machines (not part of the price - negotiable.
This is one of two free standing restaurants at this location. The other is a very popular Cracker Barrel Restaurant. Both Convention Centers have Food & Beverage operations. Billings is a highly competitive market for Restaurants, Bars and Casinos.
Growth & Expansion:
This particular area of the city has been growing rapidly. Two residential subdivisions have been built out to the south of the site (approximately 1/2 mile. New residential as well as commercial and industrial development is underway in the area. Public utilities have been extended to the area which allows all city services to the area. 1.8 acres is adjacent to the subject property and is available which would allow for a 3.25 acre development.
Reason for Selling:
Estate Sale, the Owner died.
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Chuck Platt

Business Listed By:
Chuck Platt

Diamond Real Estate

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