Downtown Missoula Riverfront Development Opportunity

510 West Front Street Missoula, MT 59802

510 West Front Street, Missoula, MT, 59802
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FOR SALE
Property Type:
Other Land
Amount:
$9,900,000
Last Verified:
Sep 27, 2024

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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
Offering Memorandum Waterfront Gateway - SterlingCRE Advisors Missoula 12.13.23.pdf
Full Listing Packet.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.