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    1940 Harve Ave Missoula, MT 59801

    For Sale
    $2,300,000

    Three-unit building, high growth area, strong cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional mixed-use property, located at 1940 Harve Avenue in Missoula, Montana, presents a compelling investment opportunity. Built in 1994, the building boasts three units and sits on a substantial 24,873 square foot lot. Its prime location adjacent to Southgate Mall's revitalized Mary Street corridor places it within Missoula's fastest-growing commercial area, ensuring high visibility and strong tenant demand. The property is currently generating income from stable existing leases, providing a solid and predictable return on investment. The asking price is $2,300,000, representing an attractive cap rate for investors seeking a stable and appreciating asset in a thriving Montana market. The property's size and location make it ideal for a variety of uses, offering significant potential for future growth and increased profitability. With its established tenant base and strategic location within a dynamic commercial corridor, this mixed-use building represents a rare opportunity to acquire a high-performing asset in a rapidly developing area of Missoula. The 59801 zip code further underscores the desirability and potential for continued growth in this location. This is a turnkey investment ready for immediate income generation.

    Property Features for 1940 Harve Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1994
    Units
    3

    HighLights

    • Exceptional mixed‑use investment opportunity in Missoula, Montana's fastest‑growing commercial area.
    • Three‑unit building on a 24,873 sq ft lot, built in 1994.
    • Prime location adjacent to Southgate Mall's revitalized Mary Street corridor, ensuring high visibility and tenant demand.
    • Generating stable income from existing leases, offering a solid ROI.
    • Asking price: $2,300,000, attractive cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rebecca Fischer Physical Therapist Peak Performance Physical ... Physical Therapist Muse Comics & Games Comic Book Store Rhonda Wakai Physical Therapist Holly Claussen Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -114.0284532
    Latitude
    46.8428551

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit building, high growth area, strong cap rate.
    Where is this mixed-use property located?
    The property is located at 1940 Harve Ave Missoula, MT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Missoula, Montana's fastest-growing commercial area.; Three-unit building on a 24,873 sq ft lot, built in 1994.; Prime location adjacent to Southgate Mall's revitalized Mary Street corridor, ensuring high visibility and tenant demand.
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    1940 Harve Ave Missoula, MT 59801
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    Missoula, MT 59801
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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
    1940 Harve Ave Missoula, MT 59801
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