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221 N Higgins Ave, Unit Missoula Missoula, MT 59802

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For Sale
$3,550,000

High-standard trophy asset with restaurant and office tenants.

Property size:
13 SF

Property Features for 221 N Higgins Ave

General Information

Size
13 SF

Building Details

Year built
1887
Source: Commercial.purewestrealestate

Listing Agent: Purewest Real Estate

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Restaurant and Office Investment

This property presents a significant investment opportunity with a 6.5% cap rate. It features a $700,000 assumable mortgage at a 1.36% interest rate. The main floor, comprising 5,200 square feet, is leased to Pangea Restaurant. The lower level, also 5,200 square feet, is leased to Stave & Hoop Restaurant. Building 221 includes an office suite on the second floor, offering 2,600 square feet of office space.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Jonkel, Joan Attorney

Suggested Use

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

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

Similar Places Nearby

River & Range Catering, Madeline’s Mediterranean Grille & Street Food, Big Sky Mobile Catering Corporation, CATALYST CATERING

Location Insight

  • Map
  • Local Demand
City
Missoula
County
Missoula
State
Montana
Longitude
-113.9944752
Latitude
46.8718825

FAQs

What type of property is this?
Restaurant - High-standard trophy asset with restaurant and office tenants.
Where is this restaurant located?
The property is located at 221 N Higgins Ave, Unit Missoula Missoula, MT.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: - Assumable $700,000 mortgage at a very low 1.36% interest rate.; - 6.5% Cap Rate represents a great investment opportunity.; - Two established restaurant tenants (Pangea Restaurant and Stave & Hoop Restaurant) occupy the main and lower levels, totaling 10,400 SF.
More about this property
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