116-120 South Ave W - Office/Residential FOR SALE


Missoula, MT 59801
$925,000 USD
406-370-6424
116-120 South Ave W, Missoula, MT for Sale
$925,000 USD
Office/Residential - FOR SALE
1/25
null | 8% Cap Rate

116-120 South Ave W
Missoula, MT 59801


HIGHLIGHTS

  • Fully leased mixed-use asset with dual income from retail and short-term rental
  • Retail tenant in place: long-term lease with a licensed cannabis dispensary
  • Detached short-term rental unit recently renovated and operating as an Airbnb
  • Close proximity to the University of Montana and Midtown Missoula retail
  • ±3,741 SF retail building plus ±594 SF residential rental on ±0.20-acre lot
  • 8% Pro forma cap rate

OVERVIEW

SterlingCRE is pleased to present this fully leased, mixed-use investment property located on a high-visibility corner in central Missoula. The offering includes a long-term retail tenant in the main building and a newly renovated short-term rental in a detached structure—both delivering stable cash flow. The pro-forma cap rate is 8%. Positioned on ±0.20 acres with C1-4 zoning, this site benefits from consistent traffic volumes along South Avenue West and South Higgins Avenue. With strong proximity to the University of Montana and core retail corridors, 120 South Avenue West offers long-term upside in one of Montana’s fastest-growing cities.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C1-4

APN/PARCEL ID

04-2200-28-4-06-03-0000

ASK ABOUT THIS PROPERTY

Connor McMahonSterling Commercial Real Estate AdvisorsMore Info
406-370-6424

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Connor McMahonSterling Commercial Real Estate AdvisorsMore Info
406-370-6424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.