414 Broadway StMissoula, MT 59802

Property Details for 414 Broadway St

Year built

1950

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

2,851 SF

Zone code

1

Property type

Office buildings

APN

04-2200-21-1-31-02-0000

APU

4220021131020000

Description

This exceptional mixed-use commercial property at 414 W Broadway Street in Missoula, Montana, presents a compelling investment opportunity. Built in 1950, the building sits on a 4,835 square foot lot and offers a total of 3,615 square feet of space. The main level comprises 1,439 square feet of office space, ideal for a variety of businesses. This area features a walk-in front desk, multiple offices or storage rooms, a kitchenette, and bathrooms. Its high-traffic location on Broadway Street ensures excellent visibility and accessibility. Upstairs, a 1,412 square foot, two-bedroom rental unit generates additional income. A 764 square foot unfinished basement provides ample storage. The property includes six off-street parking spaces, one designated for handicap accessibility, supplemented by available street parking. The asking price for this well-maintained building is $650,000. This property is zoned for mixed-use and offers significant potential for growth and return on investment. The combination of established rental income and flexible commercial space makes this a truly unique opportunity in a thriving Montana market. The property's location in the heart of Missoula provides easy access to amenities and a strong customer base. Don't miss this chance to acquire a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $577,841

  6.5%

  $533,392

  7%

  $495,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $607,862

  Geo Method

  $607,862

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,071,950

  Retail / Commercial

  $545,418

  Mixed-Use / Specialty

  $540,107

  Hospitality / Lodging

  $391,876

  Institutional / Educational

  $560,290

  Residential Income

  $655,540

  Multifamily

  $804,884

  Automotive / Energy

  $480,249

  Parking / Income-Based Land

  $169,054

  Restaurant / Food Service

  $273,729

  Healthcare / Senior Housing

  $557,322

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8739

Longitude

-113.999

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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