Commercial Real Estate for Sale at 819 S Higgins Avenue in Missoula, MT for $2,199,000

819 S Higgins Avenue | Missoula

$2,199,000

Prime Retail Investment Opportunity on Missoula’s Hip Strip This 8,400-square-foot retail building is 100% NNN leased, featuring an exceptional tenant mix and a highly desirable location on South Higgins Ave/US Highway 12. Boasting a daily traffic count of 19,500, this property is just blocks from the University of Montana campus, Downtown Missoula and residential properties, making it a prime location for consistent visibility and foot traffic. Recent capital improvements enhance the property’s value, including: • Brand-new roof • Commercial-grade garage door • Awning replacements • BTU heater installation • Paved and striped parking lot with security-grade LED lighting Additionally, the building includes over 8,000 square feet of unfinished mezzanine attic space with usable ceiling height, providing significant potential for expansion or storage. With a projected cap rate just above 6% by January 2025, this property offers a solid investment opportunity in a thriving commercial corridor. MTR 30038049

Directions to property: South of downtown Missoula on S Higgins

MLS Listing ID: 
MTR 30038049
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,199,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Missoula
Address: 
819 S Higgins Avenue, Missoula, MT 59801, US
County: 
Missoula
Latitude: 
46.8634803
Longitude: 
-113.9979145
Building Details
Details about the building on a property.
Year Built: 
1905
Construction
Foundation Details: 
Other
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
5,881
Waterfront: 
0
Public Record
Parcel Number: 
04220021407010000
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Jessie M Eagen
Listing Office Name: 
Eagen Real Estate