REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,450,000
Est. payment /mo
New
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
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Garage No
Building
Foundation See Remarks
Others
Tax ID 04220022223080000
Special Listing Condition Standard
Listed by Eagen Real Estate
NEARBY SCHOOLS & PROPERTIES