Remarks: Investors, look no further! This property is a conglomerate of commercial condos spread over 18,000 sqft in the historic Palace Hotel, located in the heart of Downtown Missoula. Condos are 100% rented to four different tenants with an annual gross income of $324,000 and a net cap rate of over 8%. The main floor is roughly 11,000 sqft and is home to a Hair Salon, Cannabis Store, Commercial Kitchen, Casino, and a 600 person music venue and whiskey bar. The basement condos is roughly 7,000 sqft and is occupied with a Pool Hall, and off premise Alcohol Catering Business. The structure of the Palace Hotel building is shared with Missoula Housing Authority. Both MHA and Bavarian are in a condo association that shares the buildings expenses and maintenance.
Listing Details
- UseRetail
- WaterfrontNone
- Lot Size0.3500
- ZoningCBD-4
