Downtown Missoula Riverfront Development Opportunity

510 West Front Street Missoula, MT 59802

510 West Front Street, Missoula, MT, 59802
510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802 510 West Front Street, Missoula, MT, 59802
FOR SALE
Property Type:
Other Land
Amount:
$9,900,000
Last Verified:
Dec 13, 2023

Highlights

  • Situated along the river at the western entrance to Missoula's vibrant downtown
  • Connected by a walking/biking trail to University of Montana and beyond into the national forest
  • Zoned CBD-4, central business district high density office, residential & retail up to 125’
  • City of Missoula has committed to helping offset parking & infrastructure costs
  • Event center and hotel planned for adjacent city owned waterfront parcel, currently surface parking
  • Extensive parking & site planning completed
  • Development agreement with city approved
  • High quality medical facility (Providence Health Services/St. Patrick's Hospital) directly across the street from the site

Description

Ranking alongside Boise, Boulder and Austin as a best place to live, Missoula is active, community-minded and nationally recognized as a mecca for startup activity. Smithsonian Magazine heralds the city as home to “four distinct, almost perfect seasons.”

Missoula’s Riverfront Triangle property is a rare opportunity in one of the west’s quickly growing cities. Zoned for mixed-use development, the five acre site can be used for high density office, retail, hospitality and residential.

Situated at the entrance to Missoula’s well-curated downtown and on the banks of the Clark Fork River, the Riverfront Triangle features extraordinary mountain views. The property is just a half-mile from Interstate 90 and across the street from the region’s premier medical hub.

Missoula’s economy is anchored by a flagship university and broad medical services. A concentration of entrepreneurial activity and an unmatched quality of life beckons a talented, diverse workforce.

A ten minute drive to Missoula International Airport, the site is adjacent to the busiest section of the city’s exceptionally well-maintained trail system. Rated as 87/100 for walkability, visitors can be shopping, dining, or touring the University of Montana campus within minutes from the Riverfront Triangle property.

River's Edge: $7,800,000, ± 2.56 Acres

North View: $2,100,000, ± 0.719 Acres

West View: $5,300,000, ± 1.82 Acres

Western edge of downtown Missoula, along the Clark Fork River

Lot Size: 5.1 acres


Documents

District Master Plan - Waterfront Gateway - Sterling CRE Advisors Missoula
Deed_Taxes SterlingCRE Advisors Missoula.pdf
CAMA 541 W Front SterlingCRE Advisors Missoula.pdf
CAMA 537 W Front SterlingCRE Advisors Missoula.pdf
CAMA 525 W Broadway SterlingCRE Advisors Missoula.pdf
CAMA 510 W Front SterlingCRE Advisors Missoula.pdf
CAMA 505 W Front SterlingCRE Advisors Missoula.pdf
CAMA 501 W Front SterlingCRE Advisors Missoula.pdf
Offering Memorandum Waterfront Gateway - SterlingCRE Advisors Missoula 12.13.23.pdf

Map of 510 West Front Street, Missoula, MT, 59802

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.