Prime Retail Investment Opportunity on Missoula's Hip Strip. $128,500 NOI - 7.8% Cap Rate. 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. This property offers a solid investment opportunity in a thriving commercial corridor.
|
DAYS ON MARKET
|
96
|
LAST UPDATED
|
1/15/2026
|
|
YEAR BUILT
|
1905
|
COMMUNITY
|
Other Counties/State
|
|
COUNTY
|
Missoula
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Commercial
|
|
|
|
Prior to Jan 15, '26
|
$1,789,000
|
| Jan 15, '26 - Today |
$1,649,000 |
| AREA |
Other Counties/State |
| LOT |
5881 sq ft |
| LOT DIMENSIONS |
0.135 |
| TAXES |
22327 |
| ZONING |
C - Commercial |
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Listing provided by Jessie Eagen, Eagen Real Estate
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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