TBD Schramm St - Hotel & Retail Land Near N Reserve
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TBD Schramm St - Hotel & Retail Land Near N Reserve
5.13 Acres of Commercial Land Offered at $2,850,000 in Missoula, MT 59808
Investment Highlights
- ±0.25 miles from I-90 / N Reserve St interchange; 6 minutes from downtown Missoula via I-90
- Community Commercial Zoning C2-4 City of Missoula
- Flat topography with soils optimal for construction
- City of Missoula water & sewer; Power & broadband available
- Elevated Sign on site likely visible to N Reserve St and its 22,102 AADT
Executive Summary
SterlingCRE is pleased to present a rare land development opportunity along “Hotel Alley” in Missoula -- North Reserve St. This ±5.13 acre (±3.00 usable) site is ready for hotel, retail, medical office or multifamily developments that benefit from its close proximity to Missoula’s Big Box stores, hospitality operations, restaurants and breweries. This parcel is located less than 1/2 miles from the North Reserve and I-90 Interchange. Access to the site is via an easement to Expressway and direct access to Schramm Street. Additionally, the property has frontage along Grant Creek.
The site has permissive commercial zoning (City of Missoula, C2-4) and access to all utilities.
The site has permissive commercial zoning (City of Missoula, C2-4) and access to all utilities.
Property Facts
| Price | $2,850,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 5.13 AC |
| Price | $2,850,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5.13 AC |
1 Lot Available
Lot
| Price | $2,850,000 | Lot Size | 5.13 AC |
| Price Per AC | $555,556 |
| Price | $2,850,000 |
| Price Per AC | $555,556 |
| Lot Size | 5.13 AC |
±5.13ac parcel; approximately 3.00 acres are flat and usable.
Description
5.13ac (+/-) gross and approximately 3.0 acres of flat, usable land. Zoned C2-4 (Community Commercial) City of Missoula. Hotels, retail, office, medical office and high density multifamily allowed by-right. Utilities available in Expressway with existing access/utility easement.
PROPERTY TAXES
| Parcel Number | 04-2200-06-1-01-13-0000 | Improvements Assessment | $0 |
| Land Assessment | $1,799,500 | Total Assessment | $1,799,500 |
PROPERTY TAXES
Parcel Number
04-2200-06-1-01-13-0000
Land Assessment
$1,799,500
Improvements Assessment
$0
Total Assessment
$1,799,500
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TBD Schramm St - Hotel & Retail Land Near N Reserve
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