Positioned in the heart of Bozeman's vibrant Northeast Neighborhood, this unique two-parcel offering presents an exceptional opportunity for investors, developers, and owner-users seeking immediate income and long-term redevelopment potential. Encompassing approximately 18,600 SF of land, the property combines a historic 4,875 SF warehouse with a recently renovated, fully leased duplex generating over $5,000 in monthly rental income. Located at 725 E. Cottonwood Street, the historic warehouse occupies approximately 11,500 SF of land and is currently leased on a month-to-month basis, providing flexibility for future occupancy, adaptive reuse, or redevelopment. The adjoining parcel at 704 Front Street features an updated, income-producing duplex, offering additional holding income and development flexibility. Situated within the Northeast Historic Mixed-Use (NEHMU) zoning district, the properties accommodate a diverse range of potential uses, including residential, retail, restaurant, office, and mixed-use development, subject to applicable regulations and approvals. The two separately deeded parcels provide multiple investment strategies, from preserving existing cash flow to repositioning the historic warehouse or exploring a comprehensive redevelopment of the combined site. Preliminary architectural concepts demonstrate potential redevelopment opportunities and are available for review. Just steps from popular neighborhood destinations including Wild Crumb Bakery, Treeline Coffee, and Fink's Delicatessen, the property benefits from its proximity to Downtown Bozeman and the continued revitalization of the Northeast Neighborhood. Ongoing private investment, neighborhood improvements, and emerging redevelopment projects further reinforce the area's growing appeal. With its combination of established rental income, distinctive historic architecture, flexible zoning, and strategic location, this offering represents a rare opportunity to establish a foothold in one of Bozeman's most dynamic and evolving neighborhoods.