1540 Wyoming St Missoula, MT 59801

Property Details for 1540 Wyoming St

Year built

1920

Lot size

0.64 lot acres

Property type

Self storage facilities

Description

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.

Location Insight

City

Missoula

County

Missoula

State

Montana

Longitude

-114.0198397

Latitude

46.8722508