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221 N Higgins Ave Missoula, MT 59802

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For Sale
$3,398,500

Restaurant leased building for sale with assumable mortgage.

Lot size:
5.00 Acres

Property Features for 221 N Higgins Ave

General Information

Lot size
5.00 Acres

Building Details

Year built
1887

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Listing Contact
John Drew
Source: Cbcworldwide

Listing Agent: John Drew

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

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Overview

Restaurant Leased Building For Sale

This property represents a significant investment opportunity. The building includes 5,200 square feet on the main floor, currently leased to Pangea Restaurant, and an additional 5,200 square feet on the lower level, leased to Stave & Hoop Restaurant. Building 221 also features an office suite on the second floor, offering 2,600 square feet of space. The total area of the building is 5,184 square feet. The property has been improved to very high standards and offers a 6.5% cap rate. There is a $700,000 assumable mortgage at a 1.36% interest rate.
Location Intelligence

Current Use by Public Records

Jonkel, Joan Law Firm

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.

Location Insight

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

FAQs

What type of property is this?
Retail property - Restaurant leased building for sale with assumable mortgage.
Where is this retail property located?
The property is located at 221 N Higgins Ave Missoula, MT.
What is the asking price?
The asking price for this property is $3,398,500.
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, indicating a strong investment opportunity.; - Two established restaurant tenants (Pangea Restaurant and Stave & Hoop Restaurant) occupying 5,200 SF each.
More about this property
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