2601 Garfield StMissoula, MT 59801

Property Details for 2601 Garfield St

Year built

1979

Construction

WOOD

Lot size

1.46 AC

Property size (Sq ft)

9,504 SF

Zone code

5

Property type

Banks

APN

04-2200-32-1-21-17-0000

APU

4220032121170000

Description

This exceptional ±19,008 square foot building in Missoula, Montana, presents a unique owner-user opportunity. Located at 2601 Garfield Street, this property boasts three drive-thru bays, a significant advantage for businesses requiring this feature. Situated on a 1.46-acre lot, the building offers ample private parking, a key asset in a high-traffic area. Built in 1979 and renovated in 2009, the structure is zoned Neighborhood Commercial (C1-1), allowing for diverse uses. The property includes an elevator and ADA-accessible amenities. Its prime location within the Southgate Triangle, adjacent to Southgate Mall and the high-traffic Southgate Mall Access Road, ensures excellent visibility and accessibility. The building's proximity to the Brook Street Commercial Corridor (with approximately 23,376 daily drivers) and numerous surrounding businesses, including Dillard's, Texas Roadhouse, and Hobby Lobby, further enhances its appeal. The asking price is $4,940,000, translating to $259.89 per square foot. Financial institutions are not permitted. This property is ideal for medical, professional, or retail uses. The property's APN is 04-2200-32-1-21-17-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,969,700

  6.5%

  $1,818,190

  7%

  $1,688,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,107,400

  Geo Method

  $2,107,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,573,420

  Mixed-Use / Specialty

  $1,800,480

  Hospitality / Lodging

  $1,306,340

  Office

  $1,778,100

  Institutional / Educational

  $1,867,770

  Residential Income

  $2,185,290

  Multifamily

  $2,683,130

  Automotive / Energy

  $1,600,940

  Parking / Income-Based Land

  $563,554

  Restaurant / Food Service

  $912,493

  Healthcare / Senior Housing

  $1,857,870

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8466

Longitude

-114.025

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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