Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    337 N Higgins Ave Missoula, MT 59802

    View on Map
    Sponsored
    For Sale
    $5,250,000

    COMMERCIAL - Missoula, MT

    Property size:
    8,800 SF
    Lot size:
    0.12 Acres
    Days on Market:
    266
    Last Refresh:
    Mar 23 at 6:06 am

    Property Features for 337 N Higgins Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    APN
    04220022233110000
    Size
    8,800 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1910
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Jennifer Cooney

    PureWest Real Estate

    Listing agent Jennifer Cooney License #RRE-RBS-LIC-38418

    Listing date Jul 1, 2025

    MLS# 30051257

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Iconic Bar & Cafe Opportunity

    This is a rare opportunity to own The Legendary Oxford Bar & Cafe, an iconic establishment serving the Missoula community since 1883. Under the same dedicated owners for the past 35 years, this landmark business is ready for a new chapter. Located on a prime downtown corner lot, this commercial building offers high visibility, walkability, and long-standing brand recognition. The building is approximately 8,800 square feet. The first floor includes a fully equipped bar and restaurant, a private poker room, and dedicated office space with historic charm and round-the-clock potential. The unfinished second floor features high ceilings and sweeping views of M-Mountain, presenting a blank canvas for transformation into luxury condos, office suites, or event space with a rooftop deck. The property also includes three basements, offering generous storage or the potential for creative repurposing. A separate unused Pine Street entrance provides independent access, perfect for multi-tenant use or a second concept. Included in the sale are all furniture, fixtures, and equipment, and the Montana all-beverage liquor license with gaming, making this a move-in-ready opportunity for restaurateurs, operators, or developers. The lot size is 0.124 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Oxford Cafe Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks, Grizzly Espresso, Myrtle Street Taps, Flippers Tavern ~ Grill ~ Casino, GILD

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.9940553
    Latitude
    46.87303735

    Nearby Similar for Sale

    • New
      $649,000
      4,640 SF

      Versatile Mixed-Use Commercial Property

      Prime Missoula commercial property with versatile C-14 zoning.
      1521 Cooper St, Missoula, MT 59802
      View Details
    • $350,000
      2,160 SF

      Flex Office Warehouse For Sale

      Centrally located flex office warehouse with storage and front office.
      100 North Ave W, Missoula, MT 59801
      View Details
    • $825,000
      0.13 Acres

      Professional Office Building For Sale

      Professional office building with excellent visibility and flexible space.
      1923 Higgins Ave, Missoula, MT 59801
      View Details
    • $3,300,000
      0.18 Acres

      Downtown Missoula Bar and Restaurant

      Two established hospitality businesses with liquor and gaming licenses.
      119 W Alder St, Missoula, MT 59802
      View Details
    • $1,495,000
      0.68 Acres

      Versatile Commercial Building with Parking

      Iconic location with ample parking and flexible space.
      2036 Mullan Rd, Missoula, MT 59808
      View Details
    • $1,495,000
      0.68 Acres

      Iconic Commercial Building with Parking

      Versatile commercial building with ample parking in Missoula, MT.
      2036 Mullan Rd, Missoula, MT 59808
      View Details
    • $6,990,000
      64.38 Acres

      Restaurant and Golf Course Opportunity

      Missoula restaurant and golf course on almost 65 acres.
      102 Ben Hogan Dr, Missoula, MT 59803
      View Details
    • New
      $599,000
      0.12 Acres

      Missoula Duplex in Slant Street

      Duplex in desirable location with rental income potential.
      945 Longstaff St, Missoula, MT 59801
      View Details
    • $895,000
      1.84 Acres

      Assisted Living Business Opportunity

      Established assisted living business with real estate purchase options.
      3000 St Thomas Dr, Missoula, MT 59803
      View Details
    • $900,000
      0.10 Acres

      Missoula Multifamily and Retail Property

      Seven-unit property with residential and commercial spaces in Missoula, MT.
      412 E Spruce St, Missoula, MT 59802
      View Details
    • New
      $385,000
      0.09 Acres

      Two Homes on One Lot

      Two homes on one lot in Missoula's Westside.
      720 Byron St, Missoula, MT 59802
      View Details
    • $339,500
      0.20 Acres

      Remodeled Duplex Unit with Garage

      Remodeled upper unit with garage, potential for additional rentals.
      3607 Paxson St, Missoula, MT 59801
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Historic Missoula bar and cafe with all beverage license.
    Where is this bar & pub located?
    The property is located at 337 N Higgins Ave Missoula, MT.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - Iconic, established business (The Oxford) with strong brand recognition since 1883.; - Prime downtown corner lot location with high visibility and walkability.; - Includes a Montana all-beverage liquor license with gaming.
    (406) 396-5544
    Request Owner's contact information
    337 N Higgins Ave Missoula, MT 59802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    337 N Higgins Ave
    Missoula, MT 59802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    337 N Higgins Ave Missoula, MT 59802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jennifer Cooney
    Real Estate License ID: RRE-RBS-LIC-38418
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!