Active

819 S Higgins Avenue

Missoula MT, 59801

$2,199,000


$261.79 per sqft

Active

8,400 sqft

Commercial

Built in 1905

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.

30038049

MLS ID

December 13, 2024

Listed

December 16, 2024

Updated

Map

819 S Higgins Avenue
Missoula MT, 59801

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Taxes

$22,327


Tax Frequency

Annually


Days on Market

4


Garage

No


View

No


County

Missoula


Pool

No

Courtesy of Eagen Real Estate

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Missoula Relocation shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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