120 W Broadway Street
Butte,
MT
59701
Property Details
List Price: |
$1,500,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
29220 |
Agency: |
Gene Cook Real Estate |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1900 |
Notes: |
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. |
MlsNumber: |
377718 |
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Listing Provided By: |
Gene Cook Real Estate, original listing |
Name: |
Gene Cook Real Estate |
Phone: |
(406) 586-0302 |
Office Name: |
Starner Commercial Real Estate |
Office Phone: |
(406) 586-0302 |
Agent Name: |
Michael Reams |
Disclaimer: |
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. |