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
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