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    135 Broadway St Missoula, MT 59802

    Sponsored
    For Sale
    $2,900,000

    Historic building, 100% occupied, high-return potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use commercial property, located at 135 W Broadway Street in the heart of downtown Missoula, Montana, presents a unique investment opportunity. Priced at $2,900,000, this 18,163 square foot building is situated within the historic Palace Hotel. The property consists of commercial condominiums, currently 100% leased to four diverse tenants. The main floor, approximately 11,000 square feet, houses a hair salon, cannabis store, commercial kitchen, casino, and a 600-person capacity music venue and whiskey bar. The basement level, roughly 7,000 square feet, is occupied by a pool hall and an off-premise alcohol catering business. The Palace Hotel building shares its structure with the Missoula Housing Authority (MHA), and both MHA and the Bavarian (referencing the commercial condos) are part of a condo association responsible for shared building expenses and maintenance. Note that the business opportunity is listed separately under MLS# 30029944. This property offers a compelling blend of established businesses and high-traffic location in a vibrant downtown setting. The zip code is 59802.

    Property Features for 135 Broadway St

    General Information

    Property type
    Individual retail properties

    HighLights

    • $2,900,000 asking price.
    • Mixed‑use commercial building.
    • 18,163 square foot lot.
    • Located at 135 W Broadway Street, Missoula, MT 59802.
    • 100% occupied by four tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Garden City Deck ... Deck Builder

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.9953752
    Latitude
    46.8722584

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, 100% occupied, high-return potential.
    Where is this individual retail property located?
    The property is located at 135 Broadway St Missoula, MT.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: $2,900,000 asking price.; Mixed-use commercial building.; 18,163 square foot lot.
    Request Owner's contact information
    135 Broadway St Missoula, MT 59802
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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
    135 Broadway St Missoula, MT 59802
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