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    1020 Reserve St Missoula, MT 59801

    For Sale
    $2,200,000

    High-traffic site, income-producing, B2-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 51,009 square foot redevelopment site in Missoula, Montana, presents a unique investment opportunity. Located at 1020 S Reserve St, 59801, this property boasts approximately 280 feet of frontage on S Reserve Street, a location experiencing some of the highest traffic counts in Montana (36,000 vehicles per day). The B2-2 zoning allows for a wide range of commercial uses, including office, retail, and multifamily developments. Multiple ingress and egress points provide excellent accessibility, further enhanced by convenient access to municipal water and sewer via 9th Street. The property currently includes income-producing office and residential structures, offering potential to offset holding costs during the redevelopment process. This prime location offers excellent visibility and presents a compelling opportunity for significant return on investment. The asking price is $2,200,000. This is a rare chance to acquire a high-traffic, versatile property in a thriving Montana market.

    Property Features for 1020 Reserve St

    General Information

    Property type
    Land

    HighLights

    • Multiple ingress/egress points with municipal water and sewer access via 9th Street.
    • Existing income stream helps offset holding costs.
    • B2‑2 zoning allows for office, retail, and multifamily uses.
    • 280 feet of Reserve Street frontage.
    • High traffic counts, among the highest in Montana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.039108
    Latitude
    46.8619425

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    FAQs

    What type of property is this?
    Land - High-traffic site, income-producing, B2-2 zoning.
    Where is this land located?
    The property is located at 1020 Reserve St Missoula, MT.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Multiple ingress/egress points with municipal water and sewer access via 9th Street.; Existing income stream helps offset holding costs.; B2-2 zoning allows for office, retail, and multifamily uses.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 Reserve St Missoula, MT 59801
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