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1540 Wyoming St Missoula, MT 59801

For Sale
$1,100,000

High-Yield Storage, Expansion Potential

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional mixed-use property at 1540 Wyoming Street in Missoula, Montana, presents a compelling investment opportunity. The 0.64-acre lot houses a thriving 74-unit self-storage facility, including one residential unit and two garages. Built in 1920, the property boasts a diverse range of unit sizes, catering to various storage needs. Currently, there are 5x10, 6x10, 8x10, 10x10, and 20x10 units available, with one climate-controlled 20x10 unit featuring roughed-in power. Two additional lockers are currently under construction. All units are presently leased, generating consistent income. The property is equipped with city water hookups and roughed-in underground sprinklers for future landscaping. Significant expansion potential exists, as the property has previously received city approval for up to 140 units, offering substantial upside for future growth and increased revenue. This centrally located Missoula property is offered at $1,100,000 and presents a rare chance to acquire a well-established, high-performing asset with considerable room for development. The existing infrastructure, including roughed-in utilities, minimizes the cost and complexity of any future expansion. This is an ideal investment for those seeking a strong return on investment with significant long-term growth potential in a desirable Montana location. The property's current occupancy rate and diverse unit sizes ensure a stable income stream, making it an attractive proposition for both seasoned investors and those new to the commercial real estate market.

Property Features for 1540 Wyoming St

General Information

Property type
Self storage facilities
Lot Size
27,878 SF

Building Details

Year Built
1920
Units
74

HighLights

  • Exceptional mixed‑use investment opportunity in Missoula, MT.
  • 0.64‑acre lot with a 74‑unit self‑storage facility, one residential unit, and two garages.
  • Variety of unit sizes (5x10, 6x10, 8x10, 10x10, 20x10), including one climate‑controlled unit; 100% occupancy.
  • City‑approved expansion potential to 140 units.
  • Offered at $1,100,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

4K Mini Storage Self-Storage Facility

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
-114.0198397
Latitude
46.8722508

FAQs

What type of property is this?
Self storage facility - High-Yield Storage, Expansion Potential
Where is this self storage facility located?
The property is located at 1540 Wyoming St Missoula, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Missoula, MT.; 0.64-acre lot with a 74-unit self-storage facility, one residential unit, and two garages.; Variety of unit sizes (5x10, 6x10, 8x10, 10x10, 20x10), including one climate-controlled unit; 100% occupancy.
More about this property
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