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 1917, this six-story building features +/- 4,870 SF per floor, with the Quarry Brewery occupying the lower level and Derailed Bike Shop along with a private event space on the ground level. Floors 3-6, currently shell space, were formerly used as hotel rooms and are structurally designed to accommodate five condo units per floor, for a total of 20 units. The proposed floor plan includes three 2 BR/2 BTH units, one 2 BR/1 BTH unit, and one studio unit per floor, offering a unique opportunity for an adaptive reuse project. This iconic property generates income while presenting significant upside potential through the 20-unit condo conversion. Situated in a Qualified Opportunity Zone, the Grand Hotel is eligible for Historic Tax Credits and benefits from its location within the URA District, which offers incentives for revitalization. Additionally, the offering includes a 2,091 SF vacant lot on Broadway Street. This property was appraised in 2023 at $2,050,000, offering immediate equity upon purchase.
Features of 120 W Broadway Street
MLS® # | 398145 |
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Price | $1,300,000 |
Bathrooms | 0.00 |
Square Footage | 29,220 |
Acres | 0.12 |
Year Built | 1917 |
Type | Commercial Sale |
Sub-Type | Building |
Status | Active |
Community Information
Address | 120 W Broadway Street |
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Area | 10BNE - Butte - N of Front, E of Montana |
City | Butte |
County | Silver Bow |
State | MT |
Zip Code | 59701 |
Amenities
Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Water Available |
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Parking | Off Site, On Street |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Baseboard, Electric, Forced Air |
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Cooling | Ceiling Fan(s) |
Fireplace | No |
Has Basement | No |
Additional Information
Date Listed | November 19th, 2024 |
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Days on Market | 85 |
Zoning | C3 - Central Commercial |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Michael Reams |
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Office | Starner Commercial Real Estate |