819 Higgins, Missoula, MT | MLS#:398517

819 S Higgins Avenue | Missoula, MT

$2,199,000
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$2,199,000

$11902.32

Principal & interest
$11527.32
Property tax
$250.00
Home insurance
$125.00
HOA fees
$0.00
Building

8,400
Sq.ft


About 819 S Higgins Avenue
STATUS: Active
PARKING: 1-10 Spaces
LISTING DATE: Dec 13, 2024
PARKING FEATURES: N/A
TYPE: Building
YEAR BUILT: 1905
ACRES: 0.14
LEVELS/STORIES: N/A
AREA: Other Counties/State
MLS ID: 398517
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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.

Listing courtesy of: Eagen Real Estate

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