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$ 1,450,000
Est. payment /mo
New
223 N Higgins AVE Missoula, MT 59802
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $145
MLS Listing ID 411050
Year Built 1895
Annual Tax Amount $33,357
Tax Year 2025
Property Sub-Type Business
Property Description
Positioned in the heart of Downtown Missoula along the highly sought-after Higgins Avenue corridor, this offering presents a rare opportunity to acquire a fully built-out, high-capacity restaurant & bar, a speakeasy lounge and catering event space in lower level operation anchored by a coveted Montana All Beverage License. The business occupies approximately 10,000 square feet under a NNN lease structure and features a thoughtfully designed interior with high-end finishes, a prominent bar, and multiple distinct service areas that create both operational efficiency and a compelling guest experience. The building is not included in sale. A new owner will lease main and lower levels.
The layout is intentionally designed to support diverse and scalable revenue streams, including a main dining and bar area with strong street presence, a basement speakeasy ideal for late-night programming or private use, and a separate event space well-suited for group dining, corporate functions, and hosted events. These distinct environments allow for simultaneous operations and provide flexibility for a wide range of concepts, service models, and income opportunities.
The offering includes the Montana All Beverage License priced at $1,100,000, along with approximately $150,000 in wine and liquor inventory and $200,000 in furniture, fixtures, and equipment, including the point-of-sale system, for a total acquisition price of $1,450,000. The business is offered as a turnkey operation, with a level of build-out and infrastructure that would be difficult and costly to replicate in today's market. The building is not included in sale. A new owner will lease main and lower levels.
The lease is structured as NNN with a base rent of $16,500 per month, plus estimated monthly expenses of approximately $2,600 for property taxes and $900 for insurance, resulting in a total monthly occupancy cost of roughly $20,000. This represents a competitive occupancy structure for a downtown location of this scale and quality, offering immediate operational capacity in one of Missoula's most active commercial and nightlife districts.
The layout is intentionally designed to support diverse and scalable revenue streams, including a main dining and bar area with strong street presence, a basement speakeasy ideal for late-night programming or private use, and a separate event space well-suited for group dining, corporate functions, and hosted events. These distinct environments allow for simultaneous operations and provide flexibility for a wide range of concepts, service models, and income opportunities.
The offering includes the Montana All Beverage License priced at $1,100,000, along with approximately $150,000 in wine and liquor inventory and $200,000 in furniture, fixtures, and equipment, including the point-of-sale system, for a total acquisition price of $1,450,000. The business is offered as a turnkey operation, with a level of build-out and infrastructure that would be difficult and costly to replicate in today's market. The building is not included in sale. A new owner will lease main and lower levels.
The lease is structured as NNN with a base rent of $16,500 per month, plus estimated monthly expenses of approximately $2,600 for property taxes and $900 for insurance, resulting in a total monthly occupancy cost of roughly $20,000. This represents a competitive occupancy structure for a downtown location of this scale and quality, offering immediate operational capacity in one of Missoula's most active commercial and nightlife districts.
Location
State MT
County Missoula
Area Other Counties/State
Direction Downtown Missoula, southwest of Broadway and Higgins
Interior
Fireplace No
Exterior
Parking Features On Street
Others
Tax ID 0001681800
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
Listed by Eagen Real Estate