127 Alder St Missoula, MT 59802
This exceptional mixed-use property at 127 W Alder Street in Missoula, Montana, is offered at $1,200,000. Boasting a 3,900 square foot lot, this building presents a unique investment opportunity in the heart of downtown Missoula. Currently operating as a bar and restaurant, the property includes all fixtures, furniture, and equipment (FF&E). The existing business utilizes a liquor license, offering a seamless transition for a buyer wishing to continue the current operation via a concession agreement. Alternatively, the property's CBD zoning allows for a wide range of alternative uses, providing significant flexibility for future development. A key feature is the outdoor patio, expanding seating capacity during warmer months. The sale includes both the building and the land, presenting a compelling opportunity for entrepreneurs seeking a thriving downtown Missoula location. The property's central location and versatile zoning make it an ideal investment for those seeking a high-return opportunity in a vibrant and growing city. The existing business, "The James Bar," is also included in the sale.
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James Bar Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.