704 S Higgins Avenue,Missoula, MT 59801
Missoula, MT 59801
Description
Building & Land For Sale - Business is not included in sale. Tenant will vacate property prior to closing. 7.8% Cap Rate with current lease. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking, brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully as a grocery store for decades, the site enjoys deep community roots and steady foot traffic. Flexible zoning allows for a broad mix of future uses, including residential and commercial development up to 125 feet in height. Its proximity to the South Hills neighborhood, area schools, and the University of Montana enhances both current performance and future redevelopment appeal. Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.
Details
| MLS # | 408837 |
|---|---|
| Listing Type | For Sale |
| Style | Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 194 |
| Listing Provided By | Eagen Real Estate | Jessie Eagen |
Features
| SQ Feet | 23,760 |
|---|---|
| Zoning | C1-4 |
Taxes
| Tax Annual Amount | 47691 |
|---|
Area Information
| State | MT |
|---|---|
| County | Missoula |
| City | Missoula |
| Zip Code | 59801 |
| Area | Other Counties | State |
| Subarea | 12M Other Montana Counties |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $3,695,000 low | high Med: $549,000 sqft: 23,760 low | high Med: 2,664 $ / sqft: $156 low | high Med: $206 On site: 194 low | high Med: 22 | |
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Learn More About This Property
| State | MT |
|---|---|
| County | Missoula |
| City | Missoula |
| Zip Code | 59801 |
| Area | Other Counties | State |
| Subarea | 12M Other Montana Counties |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $3,695,000 low | high Med: $549,000 sqft: 23,760 low | high Med: 2,664 $ / sqft: $156 low | high Med: $206 On site: 194 low | high Med: 22 | |
Equal housing opportunity. An equal opportunity company. `);
