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    FOR SALE
    Retail space

    1940 Harve Ave, Missoula, MT 59801

    7,844 SF 0.57 ac lot Built 1994
    Individually Owned 6-yr Hold
    Property ID
    US52-0117093
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1994
    Construction WOOD
    Total area 7,844 SF
    Lot 0.57 ac (24,873 SF)
    APN 04-2200-32-1-12-01-0000
    UPID US52-0117093
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rebecca Fischer Physician
    • Peak Performance Physical Therapy Physician
    • Muse Comics & Games (Bike/Boat/Book/etc) Store Newspaper & Magazine
    • Rhonda Wakai Physician
    • Holly Claussen Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Scott Phelps · 6 yrs held
    Scott Phelps
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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