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- LoopNet Team
9655 Highway 93
Missoula, MT 59808
Live/Work Development Opportunity | 9655 High · Land For Sale
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10.28 AC
INVESTMENT HIGHLIGHTS
- Public sewer and private water system access (including fire flow)
- Live/Work units incorporated into the existing plan
- Highway 93 and Interstate 90 are just blocks away
- Multi-family development opportunity in rapidly growing Missoula County
- Conveniently located 12 minutes from downtown Missoula
PROPERTY FACTS
DESCRIPTION
Multi-family, townhome, and live-work development opportunity for approximately 240 units in rapidly growing Missoula County. These units reduce sprawl while creating in-demand housing. The development connects to Highway 93 and is adjacent to the Interstate 90 corridor. Recent safety improvements on Highway 93 widened the roadway and added center and left-hand turning lanes at key intersections, including those near the development. The current development design reflects the popular industrial aesthetic. Multifamily vacancy rates in Missoula county have hovered near 1% for several years, including for-rent townhome options. A very small percentage of the project is currently designated for live/work spaces which is another in-demand product type with effectively zero availability in Missoula. Under the current design and permitting plan, construction may begin as early as summer 2023 for Phase 1 of the development. Appropriate zoning for Phase 2 is in place with a Certificate of Subdivision Approval to be finalized prior to closing. Zoning applications for phases 2 and 3 are in process. A member of the ownership entity is a licensed real estate broker in Montana.
