New

$1,450,000

For Sale

12 hours ago

223 N Higgins Ave, Missoula, MT

Name: 223 N Higgins Ave, For Sale in Missoula - eXp Realty
Brand: Eagen Real Estate
SKU: 30070123
Price: 1450000 USD

House

MLS® 30070123

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Business

Levels Business Opportunity

Size -

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1895

MLS® Number 30070123

Property Address: 223 N Higgins Ave, Missoula, MT, 59802-4434

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

Description

Positioned in the heart of Downtown Missoula along the highly sought-after Higgins Avenue corridor, this offering presents a rare opportunity to acquire 2 fully built-out restaurant & bars. The main level has a high-capacity restaurant & bar (formerly Pangea Restaurant & Bar), and the lower level has a speakeasy lounge ( formerly Stave & Hoop) and separate catering event space along with a City of Missoula All Beverage License. The business occupies approximately 10, 000 square feet under a NNN lease structure and features a thoughtfully designed interior with high-end finishes, a prominent bar, and multiple distinct service areas that create both operational efficiency and a compelling guest experience. The layout is intentionally designed to support diverse and scalable revenue streams, including a main dining and bar area with strong street presence, a basement speakeasy ideal for late-night programming or private use, and a separate event space well-suited for group dining, corporate functions, and hosted events. These distinct environments allow for simultaneous operations and provide flexibility for a wide range of concepts, service models, and income opportunities. The offering includes the City of Missoula All Beverage License priced at $1, 100, 000, along with approximately $175, 000 in wine & liquor inventory and $200, 000+ in furniture, fixtures, and equipment, including the point-of-sale system, for a total acquisition price of $1, 450, 000. The lease is structured as NNN with a base rent of $16, 500 per month, plus estimated monthly expenses of approximately $2, 600 for property taxes and $900 for insurance, resulting in a total monthly occupancy cost of roughly $20, 000. This represents a competitive occupancy structure for a downtown location of this scale and quality, offering immediate operational capacity in one of Missoula’s most active commercial and nightlife districts. The business is offered as a turnkey operation, with a level of build-out and infrastructure that would be difficult and costly to replicate in today’s market. Building is not included in the sale. New owner will have a long term lease with building owner. Sale is an asset sale only that includes: City of Missoula All Beverage Liquor License All FF&E Extensive Wine Inventory New buyer will enter into a lease for 223 N Higgins, the former location of Pangea, Stave and Hoop and catering event space.

MLS® Number30070123

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1895

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 6, 2026List Date

$1,450,000List Price

Commute

Commute

Starting Address

Destination Address

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