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$6,750,000

For Sale

18 hours ago

115 S 4Th St W, Missoula, MT

House

MLS® 30076458

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $68,414
Days Active 1
Lot Size 0.957 Acres
Approx. Age 1923
MLS® Number 30076458

Property Address: 115 S 4th St W, Missoula, MT, 59801-2721

Average square foot calculated using Size range provided by listing agent.

Description

Waypointe represents one of the premier urban infill redevelopment opportunities in Missoula's celebrated Hip Strip district. Ownership has assembled a contiguous 41, 700-square-foot development site - a rare feat in this supply constrained corridor - following the successful approval of an alley vacation in June 2025. The result is a clean, unencumbered footprint with no alley bisecting the site, significantly expanding buildable area and design flexibility. The property currently generates approximately $298, 788 of stabilized annual NOI from seven commercial tenants operating under predominantly triple-net lease structures with leases staggered through 2026-2029. Most redevelopment sites generate little or no income during entitlement, design and permitting - Waypointe provides a developer nearly $300, 000 annually to offset carrying costs, equation to $896, 000 in aggregate NOI through the current lease term. Missoula's new Unified Development Code (Title 22, effective March 4, 2026) has transformed the regulatory environment. Parking minimums have been eliminated citywide, density maximums removed, and by-right development is now permitted - eliminating discretionary review risk. The Hip Strip is zoned to match the City's highest density downtown. Attached in Documents is the OM and a history of the property PDF with more information. In my 34 years of real estate this is probably the 2nd or 3rd best redevelopment site I've seen in Missoula.
MLS® Number30076458
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1923
Basement
DrivewayOn Street
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 10, 2026List Date
$6,750,000List Price
-End Date
Not Sold YetSold Price

For Rent

Mar 18, 2025List Date
$18List Price
  • Commute

Commute

Starting Address
Destination Address
115 S 4Th St W, Missoula, MT

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