About 120 W Broadway Street
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.
Features of 120 W Broadway Street
| MLS® # | 377718 |
|---|---|
| Price | $1,425,000 |
| Bathrooms | 0.00 |
| Square Footage | 29,220 |
| Acres | 0.00 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Building |
| Status | Active |
Community Information
| Address | 120 W Broadway Street |
|---|---|
| Area | 10BNE - Butte - N of Front, E of Montana |
| City | Butte |
| County | Silver Bow |
| State | MT |
| Zip Code | 59701 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Parking | On Street, Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric |
|---|---|
| Cooling | Ceiling Fan(s) |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | October 25th, 2022 |
|---|---|
| Days on Market | 478 |
| Zoning | C3 - Central Commercial |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Reams |
|---|---|
| Office | Starner Commercial Real Estate |