Waypointe $5,500,000

Investment Overview

WAYPOINTE – HIP STRIP REDEVELOPMENT OPPORTUNITY Waypointe presents one of the most compelling urban infill redevelopment opportunities in Missoula, Montana. Located in the heart of the highly sought-after Hip Strip, this rare offering consists of four commercial buildings situated on approximately 36,415 square feet of assembled land encompassing 115 S 4th Street West, 128 S 5th Street West, and 140 S 5th Street West. The property currently generates approximately $298,788 annually in gross income with the majority of leases structured as Triple Net (NNN), providing investors with stable cash flow while preserving significant future upside. Existing improvements include multiple commercial buildings occupied by a diverse mix of retail, service, food and beverage, light industrial, and production-oriented tenants in one of Missoula's most vibrant commercial districts. What truly sets Waypointe apart is the extensive entitlement and redevelopment work already completed by ownership. As part of a long-term vision for the site, ownership successfully vacated the alley that formerly bisected the property, creating a larger and more functional development footprint. The alley vacation required a direct contribution of approximately $174,000 to the Affordable Housing Trust Fund, in addition to substantial engineering, planning, and entitlement costs. The property was strategically assembled and positioned for a future mixed-use redevelopment project envisioned to include ground-floor commercial space and structured parking with approximately 75 apartment units above. This planning work significantly enhances the property's development potential and creates a rare opportunity for a buyer to capitalize on years of entitlement efforts already completed. Situated just steps from downtown Missoula, the Clark Fork River, Higgins Avenue, the University of Montana, and numerous restaurants, breweries, retailers, and entertainment venues, Waypointe benefits from exceptional walkability, visibility, and access. Large redevelopment sites of this scale are increasingly difficult to assemble within Missoula's urban core, making this offering particularly unique. Whether acquired as a cash-flowing investment, a covered land play, or a future mixed-use redevelopment opportunity, Waypointe represents a rare chance to control one of the most strategically located development sites in Missoula's rapidly evolving Hip Strip district.

Investment Highlights

• Rare three-parcel mixed-use investment opportunity in Missoula’s Hip Strip
• Offered together: 115 S 4th Street W, 128 S 5th Street W, and 140 S 5th Street W
• Prominent commercial footprint just south of downtown Missoula and the Clark Fork River
• Diverse tenant mix including Missoula Handicrafts and Arts Center, Sovereign Warrior, Myrtle Street Taps, and Taco Sano
• Long-term leases, offering existing income potential
• Mix of retail, food and beverage, light manufacturing, service, and production-oriented uses
• Multiple buildings and flexible space configurations across the property
• Surface parking and alley/service access provide functional flexibility
• Strong location near the Higgins Avenue corridor, downtown Missoula, University of Montana, and surrounding neighborhoods
• Highly recognizable Hip Strip setting with walkability, visibility, and established local business character
• Significant land control in a constrained urban commercial district
• Opportunity to benefit from both current investment income and long-term mixed-use potential
• Well suited for investors, owner-users, or buyers seeking a strategic Missoula infill position