221 N Higgins Ave, Unit Missoula Missoula, MT 59802
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
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
Nearby Similar for Sale
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.