819 Higgins Ave Missoula, MT 59801

Property Details for 819 Higgins Ave

Year built

1905

Construction

WOOD

Lot size

0.14 lot acres

Property size

8,400 SF

Property type

Retail space

APN

04-2200-21-4-07-01-0000

APU

4220021407010000

Description

This exceptional 8,400-square-foot retail building presents a prime investment opportunity on Missoula's vibrant South Higgins Avenue, also known as US Highway 12. Located just blocks from the University of Montana, downtown Missoula, and numerous residential areas, this property benefits from a daily traffic count of 19,500 vehicles, ensuring high visibility and consistent foot traffic. The building is currently 100% leased under a triple-net (NNN) lease agreement, featuring a diverse and successful tenant mix. Recent capital improvements significantly enhance the property's value and include a brand-new roof, a commercial-grade garage door, newly installed awnings, a new BTU heater, and a completely repaved and restriped parking lot equipped with security-grade LED lighting. Adding to its potential, the property includes over 8,000 square feet of unfinished mezzanine attic space with usable ceiling height, offering significant opportunities for future expansion or additional storage. With a projected capitalization rate exceeding 6% by January 2025, this property represents a strong and stable investment in a thriving commercial area. The 0.14-acre lot provides ample space for the building and its parking. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a highly desirable location.