424 N Higgins Ave - Storefront Retail/Office FOR SALE


Missoula, MT 59802- Downtown Missoula
$2,400,000 USD
406-203-3950
424 N Higgins Ave, Missoula, MT for Sale
$2,400,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | Request Cap Rate

424 N Higgins Ave
Missoula, MT 59802
Downtown Missoula


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Brick building with private balconies and natural light exposure
  • Recently remodeled living area on 2nd & 3rd floors
  • Fully leased ground floor
  • Commercial kitchen on ground floor

OVERVIEW

Don’t miss the opportunity to purchase 424 North Higgins Avenue in the heart of downtown Missoula. This historic property has long been part of the fabric of the community and has previously housed a variety of uses, including restaurant, hotel, office, and residential space. The building features beautiful architectural details that have been thoughtfully preserved, contributing to its character and appeal. It is currently partially occupied by two tenants, an office user on the third floor and a restaurant tenant on the ground floor, with base rents generating approximately $8,100 per month in income. The second floor is presently vacant and offers exceptional versatility. The space could function well as office or event space, or potentially be converted back to residential use or a short-term rental, offering flexibility for an owner-user or investor. Located on a busy and highly desirable block of North Higgins Avenue, the property is surrounded by popular destinations, including Worden’s Market just across the street. All downtown amenities are within a convenient five-minute walk, making this an ideal location for a wide range of residential or commercial uses. Ample on-street public parking is available nearby.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Charming Mixed-Use in Downtown Missoula

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

DC

APN/PARCEL ID

04-2200-22-2-39-09-0000

ASK ABOUT THIS PROPERTY

Matt Mellott, SIOR | CCIMSterling CRE AdvisorsMore Info
406-203-3950

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Matt Mellott, SIOR | CCIMSterling CRE AdvisorsMore Info
406-203-3950

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