428 N Grove St - Development Land (Multi-Family + Other Uses)
4.09 Acres of Residential Land Offered at $1,950,000 in Missoula, MT 59804
INVESTMENT HIGHLIGHTS
- House excluded and will be moved by the sellers.
- Less than 1/3 mile east on the trail to Bentley Park
- Easy access from Reserve Street (Missoula Main Corridor)
- 1/8 mile off the Milwaukee Trail & 1/3 mile from Clark Fork River (future direct access on the trail)
- Property 1/16 mile to the South is Orchard Gardens, a multi-unit complex with residential housing and a community garden.
- Within minutes to grocery stores, restaurants and other city amenities
EXECUTIVE SUMMARY
This is a great opportunity for development! Hard to find medium-density residential property allowing 3-11 units per acre. The lot area of 4.09 acres provides the potential for site division into a maximum of 44 single-family units (additional can be allowed for affordable housing bonus). Uses allow multi-family, single-family, duplexes, senior housing, commercial, office & churches (plus others!). See brochure for County Zoning Regulations and all permitted uses. The property is located within an area with continued infill developments just west of Missoula’s core. A prime location 1/8 mile from the Milwaukee Bike & Walking Trail provides a valuable east-west commuting route through the core of Missoula. The future path will extend west to the Clark Fork River providing a recreational corridor & river access 1/3 mile from the property. City Water & Sewer are in Grove Street! Note: House will be moved by Sellers.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 46
| Price | $1,950,000 |
| Price Per AC | $476,772.62 |
| Lot Size | 4.09 AC |
Hard to find medium-density residential property allowing 3-11 units per acre. The lot area of 4.09 acres provides the potential for site division into a maximum of 44 single-family units (additional can be allowed for affordable housing bonus).
DESCRIPTION
Currently a single family residence with horse barns and pastures. The home will be moved by the owners. Ideal location west of Missoula city core, minutes to all city amenities, parks, and bike trail systems.
1 of 1
ZONING
| Zoning Code | RM (Residential Medium Density per Missoula County Land Use - See Brochure.) |
