Historic Bar & Cafe with Liquor
For Sale
$3,900,000
337 N Higgins Avenue, Missoula, MT 59802
COMMERCIAL - Missoula, MT
Property Size8,800 SF
Lot Size0.12 Acres
Price / SF$443.18
Days on Market53
Property Features for 337 N Higgins Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
CBD-4
Rooms
Basement
Directions
Downtown on the corner of Higgins and Pine
Standard status
Active
APN
04220022233110000
Lot size
0.12 Acres
Utilities
Heating system
Forced Air
Amenities
private poker room
dedicated office space
separate entrance
storage basements
high ceilings
sweeping views
Building Details
Year built
1910
Building materials
Brick
Roof type
Rubber
Listing Agency:
PureWest Real Estate - Missoula
(406) 541-4000
Listed By:
Jennifer Cooney · License #RRE-RBS-LIC-38418
(406) 396-5544
Added: Jun 9
Changed: Jul 31
Last Checked: Jul 31 at 4:06PM
MLS# 30072719
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Legendary Oxford Bar & Cafe is a historic brick bar and restaurant building built in 1910 on a downtown corner lot. The first floor is fully equipped and includes a bar and restaurant, a private poker room, and a dedicated office space. The property also has three basements for storage or other potential uses.
An unfinished second floor offers high ceilings and sweeping views of M-Mountain, providing flexibility for conversion into office suites, event space, or other concepts. Separate unused Pine Street entrance provides independent access, which may support multi-tenant use or a second concept.
The building is heated by forced air. The sale includes all FF&E (furniture, fixtures, and equipment) plus a Montana all-beverage liquor license with gaming.
An unfinished second floor offers high ceilings and sweeping views of M-Mountain, providing flexibility for conversion into office suites, event space, or other concepts. Separate unused Pine Street entrance provides independent access, which may support multi-tenant use or a second concept.
The building is heated by forced air. The sale includes all FF&E (furniture, fixtures, and equipment) plus a Montana all-beverage liquor license with gaming.
Key Highlights
- Montana all‑beverage liquor license with gaming included
- ~8,800 SF brick bar and restaurant building built in 1910
- Private poker room plus dedicated office space on the first floor
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $242.9k | $27.60 |
| − Vacancy | −$6.1k | −$0.69 |
| EGI | $236.8k | $26.91 |
| − OpEx | −$59.2k | −$6.73 |
| NOI | $177.6k | $20.18 |
8,800 SF · lease $27.60/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,606 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Starbucks — 1003 E Broadway St, Missoula, MT 59802
- Grizzly Espresso — S Van Buren Ave, Missoula, MT 59812
- Myrtle Street Taps — 602 Myrtle St, Missoula, MT 59801
- Flippers Tavern ~ Grill ~ Casino — 125 S 3rd St W, Missoula, MT 59801
- GILD — 515 S Higgins Ave, Missoula, MT 59801
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial-zoned brick bar and cafe with a fully equipped first floor, forced-air heating, and Montana all-beverage liquor license with gaming.
Where is this bar & pub located?
The property is located at 337 N Higgins Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Montana all‑beverage liquor license with gaming included; ~8,800 SF brick bar and restaurant building built in 1910; Private poker room plus dedicated office space on the first floor
