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$3,695,000

For Sale

2 months ago

704 S Higgins Ave, Missoula, MT

House

MLS® 408837

0 Bed

0 Bath

23760 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 23760 sqft
Garage 
Taxes $47,691
Days Active 54
Lot Size 
Approx. Age 1973
Avg. Price Per Sqft $155
MLS® Number 408837

Property Address: 704 S Higgins Ave, Missoula, MT, 59801

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

Description

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.
MLS® Number408837
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1973
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$3,695,000List Price
  • Commute

Commute

Starting Address
Destination Address
704 S Higgins Ave, Missoula, MT

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