About 704 S Higgins Avenue
Building & Land For Sale - Business is not included in sale. Tenant will vacate property prior to closing. 7.8% Cap Rate with current lease. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking, brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully as a grocery store for decades, the site enjoys deep community roots and steady foot traffic.
Flexible zoning allows for a broad mix of future uses, including residential and commercial development up to 125 feet in height. Its proximity to the South Hills neighborhood, area schools, and the University of Montana enhances both current performance and future redevelopment appeal.
Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.
