2601 Garfield StMissoula, MT 59801

  • Retail properties
  • 9,504 SF
For Sale
$4,940,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,498,488
    6.5%
    $2,306,296
    7%
    $2,141,561
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,106,396
    Geo Method
    $5,106,396
  • Alternative Use

    Use
    Valuation
    Residential
    $1,945,447
    Hospitality
    $1,782,019
    Educational
    $1,482,619
    Medical
    $1,533,609
    Retail
    $2,306,296
2601 Garfield St, Missoula, Montana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$71,356
-
-
$4,267,400
-
$939,012
$3,328,388
$4,267,400

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