223 N Higgins Avenue, Missoula, MT

About 223 N Higgins Avenue

Positioned in the heart of Downtown Missoula along the highly sought-after Higgins Avenue corridor, this offering presents a rare opportunity to acquire a fully built-out, high-capacity restaurant & bar, a speakeasy lounge and catering event space in lower level operation anchored by a coveted Montana All Beverage License. The business occupies approximately 10,000 square feet under a NNN lease structure and features a thoughtfully designed interior with high-end finishes, a prominent bar, and multiple distinct service areas that create both operational efficiency and a compelling guest experience. The building is not included in sale. A new owner will lease main and lower levels. The layout is intentionally designed to support diverse and scalable revenue streams, including a main dining and bar area with strong street presence, a basement speakeasy ideal for late-night programming or private use, and a separate event space well-suited for group dining, corporate functions, and hosted events. These distinct environments allow for simultaneous operations and provide flexibility for a wide range of concepts, service models, and income opportunities. The offering includes the Montana All Beverage License priced at $1,100,000, along with approximately $150,000 in wine and liquor inventory and $200,000 in furniture, fixtures, and equipment, including the point-of-sale system, for a total acquisition price of $1,450,000. The business is offered as a turnkey operation, with a level of build-out and infrastructure that would be difficult and costly to replicate in today’s market. The building is not included in sale. A new owner will lease main and lower levels. The lease is structured as NNN with a base rent of $16,500 per month, plus estimated monthly expenses of approximately $2,600 for property taxes and $900 for insurance, resulting in a total monthly occupancy cost of roughly $20,000. This represents a competitive occupancy structure for a downtown location of this scale and quality, offering immediate operational capacity in one of Missoula’s most active commercial and nightlife districts.

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