24,000 sqft
$3,695,000
704 SW Higgins Avenue, Missoula MT, 59803
Price per sqft$153.96
Built in1973
Property size24,000 sqft
Property typeCommercial
Overview
Active
Listed Feb 20, 2026
Updated Jul 8
Building & Land For Sale - Business is not included in sale. Tenant will vacate property prior to closing.
7.8% Cap Rate with current lease at $12psf NNN
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.
Additional information
- MLS® ID
- 30065679
Interior Features
- Basement
- No
Exterior Features
- Lot Size
- 1.69 Acres
Other Property Details
- Taxes
- $47,691
- Tax Frequency
- Annually
Courtesy of Eagen Real Estate
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