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112 Grove st - 112 N Grove Street 0.68 Acres of Residential Land Offered at $397,000 in Missoula, MT 59804

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Investment Highlights

  • Prime Infill Location Next to city trail system
  • Zoning Reform Advantage No fixed maximum unit cap under current U-R1 / U-R2 zoning Density driven by site design, infrastructure capacity, reviewer
  • Annexation unlocks access to the City’s updated zoning framework
  • Conceptual yield of up to 7 single-family units, subject to design and approvals

Executive Summary

This 0.687-acre infill parcel is well-positioned for near-term residential development. Under current county zoning (Residential Medium, 5–11 units per acre), the site supports a conceptual yield of up to 7 single-family residential units, subject to final design and approvals within transition 'grace' period (by approx. early July), allowing developers to select whether their project is reviewed under the old or new code. The primary opportunity to enhance density and overall project returns lies in annexation into the City of Missoula, typically triggered upon connection to public water/sewer located in the street. Upon annexation, the property aligns with the City’s 2045 Land Use Plan and Growth Policy, designated Urban Residential Low. Under the City’s updated zoning framework, annexation would place the property within U-R1 or U-R2 districts, which no longer impose a strict maximum unit cap. This zoning reform allows for increased density potential, subject to site design, infrastructure capacity, and City approval—creating meaningful upside for developers who can deliver a well-planned, code-compliant residential layout.

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Property Facts

Price $397,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 0.68 AC
Zoning See Remarks - See remarks - Current City Zoning Reform, options to use old and new.

1 Lot Available

Lot Pt of Lot

Price $397,000
Price Per AC $583,823.53
Lot Size 0.68 AC

A strategically located infill site offering immediate development potential under existing county zoning, with a clear and achievable pathway to higher density through annexation and adoption of the City’s modernized zoning standards.

Description

0.687 AC Development Parcel positioned in the path of residential growth with strong upside potential through annexation and zoning reform. Situated just west of the core of Missoula, the property is surrounded by ongoing infill residential development in an established urban neighborhood. Direct access to the Milwaukee Bike Trail provides a strong east–west commuter and recreational corridor through the city. Planned trail extensions will connect west to the Clark Fork River, offering future river access and recreational amenities approximately ¼ mile from the site. Convenient access from Reserve Street places the property just minutes from downtown, employment centers, retail, and core city amenities.

Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33564823

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 112 Grove st, Missoula, MT 59804

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