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$ 3,695,000
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Active
704 SW Higgins AVE Missoula, MT 59803
24,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $153
MLS Listing ID 30065679
HOA Y/N No
Year Built 1973
Annual Tax Amount $47,691
Tax Year 2025
Lot Size 1.690 Acres
Acres 1.69
Property Sub-Type Building/Land
Property 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 at $12psf NNN
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.
7.8% Cap Rate with current lease at $12psf NNN
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.
Location
State MT
County Missoula
Zoning Commercial
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Garage No
Building
Foundation Poured
Others
Tax ID 04220033309060000
Special Listing Condition Standard
Listed by Eagen Real Estate
NEARBY SCHOOLS & PROPERTIES
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