819 Higgins Avenue$2,199,000
Missoula, MT
8400.00 SF, 0.14 ACRE
$2,199,000
Property Details
BIG PICTURE
Commercial
8400.00
FT2
0.14
ACRE
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.PRICE
$2,199,000
FEATURES
- MLS #: 30038049
- Lot: 5,881.00 sqft
- Commercial
- Built in 1905
- Price/sqft: $261.79
Listing information is Copyright 2022 Montana Regional MLS. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified.