$6,750,000
( $308.90Per Sq Foot )
 $36,235 est/mo Sourced by Back At You

115 S 4th Street W,Missoula, MT 59801

Missoula, MT 59801

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Description

Waypointe represents one of the premier urban infill redevelopment opportunities in Missoula's celebrated Hip Strip district. Ownership has assembled a contiguous 41,700-square-foot development site - a rare feat in this supply constrained corridor - following the successful approval of an alley vacation in June 2025. The result is a clean, unencumbered footprint with no alley bisecting the site, significantly expanding buildable area and design flexibility. The property currently generates approximately $298,788 of stabilized annual NOI from seven commercial tenants operating under predominantly triple-net lease structures with leases staggered through 2026-2029. Most redevelopment sites generate little or no income during entitlement, design and permitting - Waypointe provides a developer nearly $300,000 annually to offset carrying costs, equation to $896,000 in aggregate NOI through the current lease term. Missoula's new Unified Development Code (Title 22, effective March 4, 2026) has transformed the regulatory environment. Parking minimums have been eliminated citywide, density maximums removed, and by-right development is now permitted - eliminating discretionary review risk. The Hip Strip is zoned to match the City's highest density downtown.

Details

MLS #414076
Listing TypeFor Sale
StyleBuilding
Sub-TypeResale
StatusActive
Year1923
Days On Site12
Listing Provided ByEagen Real Estate | Jessie Eagen

Features

SQ Feet21,852
ZoningC
Acreage0.96

Taxes

Tax Annual Amount68414

Area Information

StateMT
CountyMissoula
CityMissoula
Zip Code59801
AreaOther Counties | State
Subarea12M Other Montana Counties
Listing VS Median (in 59801)
Price:
$6,750,000
low | high
Med:
$4,335,000
85.777777777778% of Average
sqft:
21,852
low | high
Med:
26,136
30.395387149918% of Average
$ / sqft:
$309
low | high
Med:
$165
96.583772914328% of Average
On site:
12
low | high
Med:
131
9.160305343511% of Average
Sourced by Back At You

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All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Big Sky Country MLS. 

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Coldwell Banker Distinctive Properties Twin Fall

Coldwell Banker Distinctive Properties Twin Fall

 (208) 734-6500twinfallsinfo@cbdistinctive.com
StateMT
CountyMissoula
CityMissoula
Zip Code59801
AreaOther Counties | State
Subarea12M Other Montana Counties
Listing VS Median (in 59801)
Price:
$6,750,000
low | high
Med:
$4,335,000
85.777777777778% of Average
sqft:
21,852
low | high
Med:
26,136
30.395387149918% of Average
$ / sqft:
$309
low | high
Med:
$165
96.583772914328% of Average
On site:
12
low | high
Med:
131
9.160305343511% of Average
Sourced by Back At You
Listing Updated: August 14, 2026 at 10:03:56 AM PDT
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