424 Higgins AveMissoula, MT 59802

Property Details for 424 Higgins Ave

Year built

1900

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

8,550 SF

Zone code

6

Property type

Retail properties

Property subtype

Turn key restaurants

APN

04-2200-22-2-39-09-0000

APU

4220022239090000

Description

This exceptional four-story, 11,800-square-foot mixed-use building, constructed in 1900 and renovated in 2019, presents a rare opportunity in Missoula's vibrant downtown. Located on North Higgins Avenue, it boasts approximately 9,522 square feet of vacant space, offering significant potential for a variety of uses. The ground floor features approximately 11,800 square feet of street-level retail space, ideal for a flagship store or multiple tenants. A fully equipped bar with water and drain access is already in place. The upper three floors provide approximately 5,300 square feet of versatile office and event space. The second floor includes three large private offices, two restrooms, a kitchenette, open workspaces, and dual porch terraces. The third floor offers an expansive open event space with a wet bar, restroom, and a fully built-out suite with its own restroom and storage. The building is zoned CBD-4 and benefits from abundant natural light and elegant custom wood trim throughout. This historically significant property offers a unique blend of character and modern functionality, making it an exceptional investment opportunity in a thriving Montana market. The building's prime location ensures high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,247,693

  6.5%

  $2,074,793

  7%

  $1,926,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,593,822

  Geo Method

  $4,593,822

• Alternative Use

  Use

  Valuation

  Residential

  $1,750,166

  Hospitality

  $1,603,142

  Educational

  $1,333,796

  Medical

  $1,379,667

  Retail

  $2,074,793

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8735

Longitude

-113.993

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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