2307 Grant StMissoula, MT 59801

Property Details for 2307 Grant St

Year built

1952

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

2,064 SF

Property type

Retail properties

Property subtype

Retail space

APN

04-2200-29-4-02-04-0000

APU

4220029402040000

Description

This 2,064 square foot commercial building at 2307 S Grant Street, Missoula, MT, presents a unique opportunity. Situated on a 0.06-acre lot and conveniently located near Southgate Mall and off South Avenue, this C1-4 zoned property offers exceptional versatility. The building boasts over 2,000 square feet of heated shop and storage space, ideal for a variety of businesses. An overhead door in the alley provides easy access for loading and unloading, while the front entrance ensures convenient customer access. A valuable loft space adds extra functionality. The front area has successfully accommodated diverse uses, including an office, a stage light and audio repair shop, and even a sound studio. The current configuration reflects years of successful operation by a sound and light business, demonstrating the property's adaptability and potential. The property's prime location and flexible layout make it an attractive investment for entrepreneurs seeking a well-established commercial space in a thriving Missoula neighborhood. The asking price is $299,900. This is a rare opportunity to acquire a versatile and established commercial property in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $542,601

  6.5%

  $500,862

  7%

  $465,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,965

  Geo Method

  $1,108,965

• Alternative Use

  Use

  Valuation

  Residential

  $422,496

  Hospitality

  $387,004

  Educational

  $321,983

  Medical

  $333,056

  Retail

  $500,862

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8494

Longitude

-114.027

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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