1940 Harve Ave, Missoula, MT 59801
For Sale
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This exceptional mixed-use property, located at 1940 Harve Avenue in Missoula, Montana, presents a compelling investment opportunity. Built in 1994, the building boasts three units and sits on a substantial 24,873 square foot lot. Its prime location adjacent to Southgate Mall's revitalized Mary Street corridor places it within Missoula's fastest-growing commercial area, ensuring high visibility and strong tenant demand. The property is currently generating income from stable existing leases, providing a solid and predictable return on investment. The asking price is $2,300,000, representing an attractive cap rate for investors seeking a stable and appreciating asset in a thriving Montana market. The property's size and location make it ideal for a variety of uses, offering significant potential for future growth and increased profitability. With its established tenant base and strategic location within a dynamic commercial corridor, this mixed-use building represents a rare opportunity to acquire a high-performing asset in a rapidly developing area of Missoula. The 59801 zip code further underscores the desirability and potential for continued growth in this location. This is a turnkey investment ready for immediate income generation.
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Rebecca Fischer Physician
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Peak Performance Physical Therapy Physician
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Muse Comics & Games (Bike/Boat/Book/etc) Store Newspaper & Magazine
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Rhonda Wakai Physician
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Holly Claussen Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.