424 N Higgins Ave - Storefront Retail/Office FOR SALE


Missoula, MT 59802
$2,650,000 USD
406-203-3950
424 N Higgins Ave, Missoula, MT for Sale
$2,650,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | Request Cap Rate

424 N Higgins Ave
Missoula, MT 59802


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
  • Potential to convert to office space downtown

OVERVIEW

Rare mixed-use building with architectural character in downtown Missoula with potential as an investment property or for owner-occupier use. This 1900s era building sits in high foot-traffic corridor and is close to coffee shops, bars and restaurants in downtown Missoula. CBD-4 zoning allows for a wide variety of uses. The main level has an available retail space of ±1,813 square feet and a Tenant who operates a ghost kitchen on the ground floor. Both spaces have basement for storage and prep. The upper floors are currently used as a single residence with two (2) balconies. In the past, these floors have been used as a restaurant, bar and lounge and retain some of the plumbing for those uses. Upper floors may be converted into office space, or a combination of the three (3) (retail, office, residential). Download the property flyer for more information on this rare investment opportunity. Link to Matterport: Upper Floors: https://my.matterport.com/show/?m=7WW5btLGccn Basement and Retail: https://my.matterport.com/show/?m=UeMCKpc6FjX

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$225 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

CBD-4

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 Policy.