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23,760 sqft

$3,695,000

704 S Higgins Avenue, Missoula MT, 59801

Price per sqft$155.51
Built in1973
Property size23,760 sqft
Property typeCommercial

Overview

Active

Listed Feb 23, 2026

Updated Jun 15

Building & Land For Sale - Business is not included in sale. Tenant will vacate property prior to closing. 7.8% Cap Rate with current lease. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking, brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully as a grocery store for decades, the site enjoys deep community roots and steady foot traffic. Flexible zoning allows for a broad mix of future uses, including residential and commercial development up to 125 feet in height. Its proximity to the South Hills neighborhood, area schools, and the University of Montana enhances both current performance and future redevelopment appeal. Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.

Other Property Details

Taxes
$47,691
Tax Frequency
Annually

 

Courtesy of Jessie Eagen, Eagen Real Estate

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