Sq.ft
MLS NUMBER
398517
LISTING DATE:
8 Days Ago
LOT SIZE
0 Acres
AREA:
Other Counties/State
PRICE
$2,199,000
GARAGE
SUBDIVISION:
N/A
LEVEL / STORIES:
N/A
TYPE
N/A
STATUS:
Active
YEAR BUILT:
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.
Listing courtesy of: Eagen Real Estate
(Data provided by Gallatin-BigSky-BSC data)