120 W Broadway Street, Butte, MT

$1,300,000

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29,220

Square feet

0.12

Acres

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
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
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
Parking Off Site, On Street
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Electric, Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Has Basement No

Additional Information

Date Listed November 19th, 2024
Days on Market 85
Zoning C3 - Central Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMichael Reams
OfficeStarner Commercial Real Estate

Listing Map

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