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819 Higgins Ave Missoula, MT 59801

Sponsored
For Sale
$2,199,000

Missoula retail building, high traffic, strong ROI

Property size:
8,400 SF

Description

Added:
Feb 3, 2025
Days on Market:
352
This exceptional 8,400-square-foot retail building presents a prime investment opportunity on Missoula's vibrant South Higgins Avenue, also known as US Highway 12. Located just blocks from the University of Montana, downtown Missoula, and numerous residential areas, this property benefits from a daily traffic count of 19,500 vehicles, ensuring high visibility and consistent foot traffic. The building is currently 100% leased under a triple-net (NNN) lease agreement, featuring a diverse and successful tenant mix. Recent capital improvements significantly enhance the property's value and include a brand-new roof, a commercial-grade garage door, newly installed awnings, a new BTU heater, and a completely repaved and restriped parking lot equipped with security-grade LED lighting. Adding to its potential, the property includes over 8,000 square feet of unfinished mezzanine attic space with usable ceiling height, offering significant opportunities for future expansion or additional storage. With a projected capitalization rate exceeding 6% by January 2025, this property represents a strong and stable investment in a thriving commercial area. The 0.14-acre lot provides ample space for the building and its parking. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a highly desirable location.

Property Features for 819 Higgins Ave

General Information

Property type
Other commercial real estate
Square Feet
8,400 SF
Lot Size
6,098 SF

Building Details

Year Built
1905

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Listing Contact
Jessie Eagen

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Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Electronic Sound & Percussion Musical Instrument Store Tom Cats Musician Lulu's Permanent Jewelry ... Boutique Guitarborist Guitar Instructor

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Missoula
County
Missoula
State
Montana
Longitude
-113.9979
Latitude
46.86345

FAQs

What type of property is this?
Commercial real estate - Missoula retail building, high traffic, strong ROI
Where is this commercial real estate located?
The property is located at 819 Higgins Ave Missoula, MT.
What is the asking price?
The asking price for this property is $2,199,000.
More about this property
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