704 SW Higgins Avenue, Missoula, MT 59803
$3,695,000
Bathrooms:
Sq. Ft.: N/A
Type: Commercial
Listing #30065679
Request Information
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.
Property Features
Latitude: 46.836819
Longitude: -114.010944
Directions: Pattee Creek Market
Has Basement: No
Foundation: Poured
Lot Size in Acres: 1.69
Lot Size in Sq. Ft.: 73,616
Zoning: C1-4
Building Total Area (Sq. Ft.): 24,000
Property Type: COM
Property SubType: Building/Land
Year Built: 1973
Status: Active
Tax Year: 2025
Tax Amount: $47,691
$ per month
Year Fixed. % Interest Rate.
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Seller's Representative: Jessie M Eagen, Eagen Real Estate
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IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the Montana Regional MLS.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the Montana Regional MLS.
Montana Regional data last updated at March 13, 2026, 7:56 PM MT
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