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$ 1,999,999
Est. payment | /mo
8,400 SqFt
$ 1,999,999
Est. payment | /mo
8,400 SqFt
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $238
MLS Listing ID 398517
Year Built 1905
Annual Tax Amount $22,327
Tax Year 2024
Lot Size 5,880 Sqft
Acres 0.135
Property Sub-Type Building
Property Description
Prime Retail Investment Opportunity on Missoula's Hip Strip This 8,400-square-foot retail building is 100% NNN leased, featuring an exceptional tenant mix and a highly desirable location on South Higgins Ave/US Highway 12. Boasting a daily traffic count of 19,500, this property is just blocks from the University of Montana campus, Downtown Missoula and residential properties, making it a prime location for consistent visibility and foot traffic. Recent capital improvements enhance the property's value, including: • Brand-new roof • Commercial-grade garage door • Awning replacements • BTU heater installation • Paved and striped parking lot with security-grade LED lighting. Additionally, the building includes over 8,000 square feet of unfinished mezzanine attic space with usable ceiling height, providing significant potential for expansion or storage. With a projected cap rate just above 6% by January 2025, this property offers a solid investment opportunity in a thriving commercial corridor.
Location
State MT
County Missoula
Area Other Counties/State
Direction South of downtown Missoula on S Higgins
Interior
Fireplace No
Others
Tax ID 0000060606
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
Listed by Eagen Real Estate
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