About 819 S Higgins Avenue
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.
Features of 819 S Higgins Avenue
| MLS® # | 398517 |
|---|---|
| Price | $2,199,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,400 |
| Acres | 0.14 |
| Year Built | 1905 |
| Type | Commercial Sale |
| Sub-Type | Building |
| Status | Active |
Community Information
| Address | 819 S Higgins Avenue |
|---|---|
| Area | 12M - Other Montana Counties |
| City | Missoula |
| County | Missoula |
| State | MT |
| Zip Code | 59801 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | December 13th, 2024 |
|---|---|
| Days on Market | 40 |
| Zoning | CI - Commercial/Industrial |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jessie Eagen |
|---|---|
| Office | Eagen Real Estate |