819 S Higgins Avenue, Missoula, MT 59801 (MLS # 30038049)

Price $2,199,000
Status Active
Size 8,400 sqft
Lot Size 5,881 sqft
Days on Market 27
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.
Property Type(s): Commercial
Year Built 1905 County Missoula

Additional Details

LOT 5881 sq ft
TAXES 22327

Location

 

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Listing provided by: Jessie M Eagen, Eagen Real Estate | 819 S Higgins Avenue
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