• Asking Price $1,425,000

  • 120 W BROADWAY ST BUTTE, MT 59701

  • 29,220 SqFt
  • Commercial / Resale (MLS)
1 of 45

Property Details for 120 W BROADWAY ST, BUTTE, MT 59701

Features

  • Price/sqft: $48
  • Lot Size: 5140
  • Stories: 500
  • Heating: Baseboard Heating
  • Construction Type: Wood
  • Exterior Walls: Masonry

Facts

  • Year Built: 01/01/1900
  • Property ID: 877118463
  • MLS Number: 377718
  • Parcel Number: 01-1197-13-1-13-15-0000
  • Property Type: Commercial
  • County: SILVER BOW
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.

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Property Brokerage: Gene Cook Real Estate 1276 North 15th Avenue #103 Bozeman MT 59715
Copyright © 2024 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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