221 & 223 N Higgins Ave

221 & 223 North Higgins Avenue, Missoula, MT 59802

Property Information

  • For Sale $3,398,500
  • Property Type Retail - Restaurant
  • Property Size 12,969 SF
  • Lot Size 0.12 Acre
  • Property Tenancy Single Tenant
  • Year Built 1895
  • Year Renovated 2020
  • Date Updated Apr 27, 2026

Description

221 and 223 Higgins Ave is located in the center of downtown. It is between two highly traffic areas and sees a lot of foot traffic. It is in one of the higher density and demand locations in downtown. There are good linkages with other dining and evening and event uses nearby. There is both street parking in front and and a parking garage is just to the rear. It is between two interstate off-ramps which makes the location easy for groups from out of town and for special events. The location has a lot to offer just in the overall utility.Downtown Missoula Trophy Asset This fully leased, three-level property in the heart of downtown Missoula offers a rare opportunity to own a recently renovated mixed-use building backed by a strong tenant. Main Floor & Lower Level (10,400 SF total): Occupied by Pangea Restaurant, the group’s flagship sit-down concept paired with the Stave & Hoop speakeasy. Both spaces were recently renovated to a high standard, creating one of Missoula’s premier dining destinations. Second Floor (2,600 SF): Currently built out as modern office space, providing additional revenue and flexibility. The tenant is willing to vacate if desired, giving an owner the option to re-lease or occupy. The property will be secured with a new long term NNN lease at $231,000 annually, ensuring stable cash flow with minimal landlord responsibilities. With an assumable low-interest debt available, strong operating history from the Pangea Restaurant Group, and an irreplaceable Higgins Avenue location, this asset combines immediate income with long-term upside in one of Montana’s most dynamic markets

Highlights

  • Building is 3 levels.
  • Fully leased trophy asset in downtown Missoula.
  • Great history, heart of downtown.
  • Incredibly low interest assumable debt.
  • Main level is Pangea flagship sit-down restaurant.
  • The lower level is a speakeasy.
  • Upper level is office, (seller/tenant is willing to vacate if desired).
  • Whole building is being leased back by the seller, Pangea restaurant group.

Contacts

Tyler Warne

Drew Ward Warne

Location

Contact Listing Broker
Tyler Warne

Drew Ward Warne

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.