Downtown Restaurant and Bar
For Sale
$1,450,000
223 Higgins, Missoula, MT 59802
Two fully built-out restaurant and bar concepts include a main dining level, a lower-level speakeasy lounge, and event space.
Property Size12,969 SF
Price / SF$111.81
Days on Market35
Property Features for 223 Higgins
General Information
Standard status
Active
Size
12,969 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1895
Listing Agency:
Eagen Real Estate
(406) 542-1811
Listed By:
Jessie M Eagen · License #8043
Source:
Clearwaterproperties
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 23 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eagen Real Estate
Investment Insights
Based on property information with market context.
This offering consists of two fully built-out restaurant and bar operations, including a main level high-capacity restaurant and bar and a lower level speakeasy lounge. The lower level also includes a separate catering event space, and the premises are under a City of Missoula All Beverage License. The asset sale includes extensive wine inventory and FF&E, including a point-of-sale system.
A new owner will enter into a long-term lease with the building owner for the former Pangea Restaurant & Bar and Stave & Hoop locations, plus catering event space, at 223 N Higgins. The transaction notes that the building is not included in the sale.
The lease structure is NNN, with base rent and estimated monthly expenses for property taxes and insurance identified in the offering materials.
A new owner will enter into a long-term lease with the building owner for the former Pangea Restaurant & Bar and Stave & Hoop locations, plus catering event space, at 223 N Higgins. The transaction notes that the building is not included in the sale.
The lease structure is NNN, with base rent and estimated monthly expenses for property taxes and insurance identified in the offering materials.
Key Highlights
- Two fully built‑out restaurant & bar concepts across main and lower levels, plus a separate catering/event space.
- Main level includes a high‑capacity restaurant & bar (formerly Pangea Restaurant & Bar) with prominent street‑facing service area.
- Lower level features a speakeasy lounge (formerly Stave & Hoop) and includes separate catering event space.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,241
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Hotels & Casinos 33%
Shops & Services 19%
Electronics 2%
McDonald's
Dining
14,133 visits/mo
0.5 miles
Residence Inn by Marriott Missoula Downtown
Hotels & Casinos
14,080 visits/mo
0.1 miles
Taco Bell
Dining
13,861 visits/mo
0.4 miles
DoubleTree by Hilton Hotel Missoula - Edgewater
Hotels & Casinos
8,439 visits/mo
0.5 miles
Burger King
Dining
6,515 visits/mo
0.5 miles
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two fully built-out restaurant and bar concepts include a main dining level, a lower-level speakeasy lounge, and event space.
Where is this conventional restaurant located?
The property is located at 223 Higgins Missoula, MT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two fully built‑out restaurant & bar concepts across main and lower levels, plus a separate catering/event space.; Main level includes a high‑capacity restaurant & bar (formerly Pangea Restaurant & Bar) with prominent street‑facing service area.; Lower level features a speakeasy lounge (formerly Stave & Hoop) and includes separate catering event space.
