819 S Higgins Avenue, Missoula, MT 59801

  • Active

 $1,999,999

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • Sq.Ft.
  • Commercial
  • Active
  • MLS# 30038049
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

Prime Retail Investment Opportunity on Missoulas 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 propertys 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.

Property Details

General

  • County: Missoula
  • Year Built: 1905
  • Lot Size: 0.1350

Financial Considerations

  • Tax Amount: $22,327
  • Tax Year: 2024

Activity

  • Days On Market: 689
  • List Date: 12/12/2024
 

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