Don’t miss this opportunity to acquire ±1.49 acres at the corner of Mary Jane Boulevard and Flynn Lane. The site is located in the Mullan and Reserve submarket, where roughly 1,500 new multifamily units have been built since 2021, more than half of Missoula’s recent multifamily growth. Three major residential projects are underway nearby, including 170 units of senior housing and the Snow Farm apartments, putting the site within walking distance of hundreds of existing and future households.
The site is near the North Reserve Street retail corridor and has U-MU1 zoning, allowing residential, retail, office, or mixed-use development. The area has a large retail and medical concentration close by but little community-serving retail of its own, leaving demand for a project that serves the neighborhood directly.
Residential development is allowed up to 21 dwelling units per acre under current zoning and development agreements. This should permit around 30 units of apartments, townhomes or mixed-use development.
| Price | $0.00 |
| Price / Unit | $0.00 |
| Gross Rent Multiplier | 0.00 |
| Proposed Loan Amount | $0.00 |
| Initial Investment | $0.00 |
Income | Potential | Current |
Expense | Potential | Current |
Total Expenses | $ 0.00 | $ 0.00 |
| Net Operating Income | $0.00 | $0.00 |
| Less Debt Service | $0 | $0 |
| Potential Net Cash Flow | $0.00 | $0.00 |
| Cash on Cash Return | 0.00 % | 0.00 % |
| Capitalization Rate | 0.00 % | 0.00 % |
| OM_Mary-Jane-OLeary_SterlingCRE-Advisors.pdf |
| Property-Profile_TBD-Mary-Jane-Boulevard.pdf |
| Zoning_TBD-Mary-Jane-Boulevard.png |
| COS-7028.jpg |
Unit | BR/BA | Current Monthly Rent | Potential Monthly Rent | Status | Lease Expires | |
Totals | $ 0.00 | $ 0.00 | ||||
