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Downtown Restaurant and Bar Investment

223 N Higgins Ave Missoula, MT 59802

New
223 N Higgins Ave, Missoula, MT, 59802
$1,450,000
For Sale
$1,450,000

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 Market2

Property Features for 223 N Higgins Ave

General Information

Standard status
Active
Size
12,969 SF
Property subtype
Business Opportunity

Building Details

Year Built
1895
Listing agency Eagen Real Estate
Listed by Jessie M Eagen · License #8043
Source Toporealestate
Added: Jul 20 Updated: Jul 21 at 8:18AM Checked: Jul 21 at 8:18AM

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.

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

Location Intelligence

Current Use by Public Records

River & Range Catering Catering Service appartments Vacation Rental Stave & Hoop Speakeasy ... Bar & Pub Pangea Bar & Restaurant ... Restaurant

Suggested Use

Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store Plumbing Service Florist (Bike/Boat/Book/etc) Store Tanning Salon

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

FAQs

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 N Higgins Ave 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.
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