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$ 1,450,000
Est. payment /mo
Active
223 N Higgins AVE Missoula, MT 59802
12,969 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 12,969 sqft
Price per Sqft $111
MLS Listing ID 30070123
HOA Y/N No
Year Built 1895
Lot Size 5,183 Sqft
Acres 0.119
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 2 fully built-out restaurant & bars. The main level has a high-capacity restaurant & bar (formerly Pangea Restaurant & Bar), and the lower level has a speakeasy lounge ( formerly Stave & Hoop) and separate catering event space along with a City of Missoula 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 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 City of Missoula All Beverage License priced at $1,100,000, along with approximately $175,000 in wine & 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 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 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. Building is not included in the sale. New owner will have a long term lease with building owner.
Sale is an asset sale only that includes:
City of Missoula All Beverage Liquor License
All FF&E
Extensive Wine Inventory
New buyer will enter into a lease for 223 N Higgins, the former location of Pangea, Stave and Hoop and catering event space.
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 City of Missoula All Beverage License priced at $1,100,000, along with approximately $175,000 in wine & 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 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 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. Building is not included in the sale. New owner will have a long term lease with building owner.
Sale is an asset sale only that includes:
City of Missoula All Beverage Liquor License
All FF&E
Extensive Wine Inventory
New buyer will enter into a lease for 223 N Higgins, the former location of Pangea, Stave and Hoop and catering event space.
Location
State MT
County Missoula
Zoning 6
Interior
Fireplace No
Building
Foundation See Remarks
Others
Tax ID 04220022223080000
Special Listing Condition Standard
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Listed by Eagen Real Estate
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