For Sale
$389,000

1001 Higgins AveMissoula, MT 59803

1,423 SF Medical Office, 5.45% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This 1,423 square foot medical office building, located at 1001 SW Higgins Ave in Missoula, Montana, presents a compelling investment opportunity. The property, built in 1994 and renovated in 2001, boasts a 5.45% cap rate and a strong net operating income (NOI) of $21,199. Currently 100% occupied by a single tenant, My Hearing Centers, under a gross lease, the building offers long-term stability with the lease extending until April 2027. The property is meticulously maintained, situated on the first floor, and benefits from excellent visibility and a prime location in Missoula. The asking price is $389,000, translating to a price per square foot of $273.37. This is a turnkey investment in a professional services building, ideal for a passive investor seeking a stable, high-return asset in a desirable Montana market. The building is a condo unit within a larger complex. This exceptional opportunity combines a strong tenant, a favorable lease structure, and a high-performing financial profile. The property's location in Missoula, Montana, offers easy access to major transportation routes and a thriving local economy.

Highlights

  • 5.45% Cap Rate.
  • Professional services condo.
  • Well-maintained building with long-term medical tenant.
  • First-floor unit.
  • Lease in place until 2027.

Property Details for 1001 Higgins Ave

Property type
Office properties, Medical offices
Square Feet
1,423 SF
Year Built/Renovated
1994/2001
Units
1

Location Insight

City
Missoula
County
Missoula
State
Montana
Latitude
46.8345122
Longitude
-114.0137691
1001 Higgins Ave, Missoula, Montana

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1001 Higgins Ave
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