819 S Higgins Ave - Freestanding FOR SALE


Missoula, MT 59801
$2,199,000 USD
701-580-3260
819 S Higgins Ave, Missoula, MT for Sale
$2,199,000 USD
Freestanding - FOR SALE
1/4
null | 6.05% Cap Rate

819 S Higgins Ave
Missoula, MT 59801


HIGHLIGHTS

  • Over $125,000 of improvements recently added. 100% Leased NNN.

OVERVIEW

Retail building 100% NNN leased. The building is 8,400 square feet. Great tenant mix and location. There are 5 tenants total in the building. Over $125,000 of improvements performed on the Building and Parking lot last year. A brand new roof was installed in 2024, Commercial grade garage door, Awning replacements, BTU heater added, Parking lot paved and striped, Parking lot security LED lights added and more. This property has a high daily traffic count, resides on US Highway 12, located on Missoula's famous Hip Strip, is just blocks away from the University of Montana campus, and blocks away from Downtown Missoula. Additional 8,000+ square feet of unfinished mezzanine attic space with usable ceiling height. January 2025 Cap Rate is just above a 6% cap rate. Buyer is responsible to verify all listing information. Property owner Brent Russum a licensed real estate professional. Please be respectful to existing tenants. Perspective buyers to schedule tours through this listing. Building Addresses include 819 S Higgins Ave, 821 S Higgins Ave, 101 Brooks St, 103 Brooks St & 115 Brooks St.

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased NNN Hip Strip Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Commercial

APN/PARCEL ID

04-2200-21-4-07-01-0000,04-2200-28-1-46-05-0000

ASK ABOUT THIS PROPERTY

Brent RussumBuySellNDMore Info
701-580-3260

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Brent RussumBuySellNDMore Info
701-580-3260

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