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8,400 SqFt
$ 1,999,999
Est. payment | /mo
8,400 SqFt
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $238
MLS Listing ID 30038049
HOA Y/N No
Year Built 1905
Annual Tax Amount $22,327
Tax Year 2024
Lot Size 5,880 Sqft
Acres 0.135
Property Sub-Type Building/Land
Property Description
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.
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.
Location
State MT
County Missoula
Interior
Fireplace No
Building
Foundation Other
Others
Tax ID 04220021407010000
Special Listing Condition Standard
Listed by Eagen Real Estate