For Sale $3,695,000

704 SW Higgins Avenue is strategically positioned in Midtown Missoula, one of the city’s most dynamic and evolving commercial corridors. This stretch of Higgins Avenue serves as a primary north–south arterial connecting Downtown Missoula, the University District, and the South Hills, generating consistent vehicle traffic and strong neighborhood accessibility. The property benefits from immediate proximity to established residential neighborhoods, area schools, and the University of Montana, creating a reliable customer base and sustained daytime activity. Midtown continues to experience reinvestment and redevelopment, with a mix of long-standing local businesses and new commercial and mixed-use projects shaping the corridor’s continued growth. With excellent visibility, convenient access, and strong surrounding demographics, this location supports both stable tenancy and long-term redevelopment potential — making it one of Missoula’s most strategically positioned commercial submarkets.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.