NEW! Buy and sell safely with virtual options - Learn More
About the Listing 545000660 - mt.545000282
Positioned in the heart of Downtown Missoula along the highly sought-after Higgins Avenue corridor, this offering presents a rare opportunity to acquire 2 fully built-out restaurant & bars. The main level has a high-capacity restaurant & bar (formerly Pangea Restaurant & Bar), and the lower level has a speakeasy lounge ( formerly Stave & Hoop) and separate catering event space along with a City of Missoula 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 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 City of Missoula All Beverage License priced at $1,100,000, along with approximately $175,000 in wine & 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 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. 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. Building is not included in the sale. New owner will have a long term lease with building owner. Sale is an asset sale only that includes: City of Missoula All Beverage Liquor License All FF&E Extensive Wine Inventory New buyer will enter into a lease for 223 N Higgins, the former location of Pangea, Stave and Hoop and catering event space.
Listing Highlights
Status
Active
Days on Site
38
Property Type
Business Opportunity
MLS ®
30070123
Year Built
1895
Total Square Footage
12,969
Lot/Acreage
0.12
County
Missoula
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: 6
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 04220022223080000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
223 N Higgins Ave Missoula, MT 59802
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
