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Property summary
This exceptional .57-acre commercial land parcel, located at 1427 W Broadway Street in Missoula, Montana, presents a unique investment opportunity. Situated within the designated "Next Great Missoula Neighborhood Center" as detailed in the Envision West Broadway master plan, this property offers significant potential for development. Its location in an Opportunity Zone allows investors to leverage federal programs for potential tax advantages. Further enhancing its appeal, the property is zoned C2-4 (community commercial), opening doors to a wide array of development possibilities. The site benefits from convenient access to West Broadway Street and Russell Street, as well as a rear alley providing access to North Russell Street and Hillsdale Street. Adding to its desirability, the property enjoys proximity to Ron's River Trail, offering a connection to downtown and surrounding neighborhoods via a high-quality shared-use path. Public transit is also within walking distance. The Missoula Redevelopment Agency (MRA) may offer tax increment financing support, and projects incorporating income-restricted housing units could be eligible for funding through the MRA Workforce Housing Pilot Program. However, any development must align with the Envision West Broadway Master Plan guidelines. This property's strategic location, zoning flexibility, and potential for government incentives make it an attractive proposition for discerning investors seeking a prime commercial development site in a thriving Montana community. The property's zip code is 59802.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
7 · Missoula, MTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 7 in Missoula, MT.
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