$1,475,000
( $50.48Per Sq Foot )
 $7,918 est/mo Sourced by Back At You

120 W Broadway Street , Butte, MT 59701

Butte, MT 59701

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Description

Located in Uptown Butte, the Grand Hotel is a (+/-) 29,220 SF mixed-use property situated on a 5,140 SF lot. Built in 1900, The Grand Hotel is comprised of six floors that are (+/-) 4,870 SF each. The Quarry Brewery occupies the lower level and the Derailed Bike Shop and a private event space occupy the ground level. Floors 3-6 are considered shell space that were formerly used as hotel rooms for the Grand Hotel. The current structural engineering allows for 5 condos units per floor, on floors 3-6, for a total of 20 units. The proposed floor plan features three 2 BR/2 BTH, one 2 BR/1 BTH and 1 studio unit. This adaptive reuse project is ideal for an investor looking for an iconic building that generates income with tremendous upside per the 20-unit condo project. This property is located in a Qualified Opportunity Zone, eligible for Historic Tax Credits, and within the URA District to incentives revitalization. The 2,091 SF vacant lot on Broadway Street is included in this offering.

Details

MLS#377718
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site639
Listing Provided ByStarner Commercial Real Estate | Michael Reams

Features

SQ Feet29,220
ZoningC3 - Central Commercial

Market Activity 59701

All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Big Sky Country MLS. 

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Listings Checked: 5 minutes ago
StateMT
CountySilver Bow
CityButte
Zip Code59701
AreaButte and Surrounding Areas
Subarea10BNE Butte N of Front | E of Montana
Listing VS Median (in 59701)
Price:
$1,475,000
low | high
Med:
$316,500
100% of Average
SqFt:
29,220
low | high
Med:
1,125
100% of Average
$ / SqFt:
$50
low | high
Med:
$283
100% of Average
On Site:
639
low | high
Med:
34
100% of Average
Sourced by Back At You
Listing Updated: June 12, 2024 at 2:40:52 PM PDT