Opportunities to acquire a fully built out, licensed, and operational commercial asset in a proven downtown location are increasingly scarce. This offering presents a rare chance to step directly into a high performing hospitality space with infrastructure, licensing, and physical improvements already in place. For investors or operators seeking immediate usability with long term upside, this property stands out as a strategic acquisition.
322 N Higgins Avenue
Missoula, MT
Offered at $4,000,000
Established Location With Proven Demand
Positioned within one of Missoula’s most active and well known corridors, the building benefits from steady pedestrian flow, strong visibility, and consistent surrounding business traffic. This is the type of location operators search for but seldom find available. The property has supported a successful hospitality concept for more than a decade, demonstrating both the strength of the site and the reliability of the local market.
Built For Immediate Operation
The structure spans more than 6,600 square feet across three fully renovated levels, offering flexible use potential for a range of commercial or hospitality concepts. Mechanical systems including HVAC, plumbing, and electrical have already been updated, removing one of the largest cost and timeline hurdles for new ownership. The inclusion of furniture, fixtures, and equipment with limited exclusions further streamlines transition from acquisition to operation.
Highly Valuable Licensing Advantage
Included in the sale is a Missoula City quota area all beverage license with gaming. Licenses of this type are limited and difficult to secure, often representing one of the most valuable components of a hospitality acquisition. Having this in place significantly reduces regulatory barriers and accelerates launch timelines for a new owner.
Elevated Guest Experience Features
An upper terrace provides additional usable space that can be leveraged for outdoor seating, private events, or seasonal activation. This feature enhances guest experience potential while also creating additional revenue opportunities that many downtown buildings cannot offer.
Flexible Branding Options
While the current concept has operated successfully for years, the real estate and licensing stand independently as assets. Buyers may choose to introduce an entirely new concept or pursue optional brand licensing, subject to seller approval, if they wish to capitalize on existing recognition.
Investment Perspective
This property represents a convergence of location, infrastructure, and licensing that is rarely packaged together. Instead of allocating capital toward buildout, permits, and systems, ownership can focus on operations, branding, and growth from day one. For investors, it offers a stabilized foundation with tangible assets and proven viability. For operators, it delivers speed to market and reduced startup risk.
In markets where time, licensing, and buildout costs often determine success or failure, assets like this do not stay available long.
