819 S Higgins AVE Active Save Request In-Person Tour Request Virtual Tour
Missoula,MT 59801
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