For Sale
$1,300,000

120 Broadway StButte, MT 59701

Historic building, income producing, condo conversion potential

Overview

Added:
Feb 3
Days on market:
63
The Grand Hotel, a stunning six-story mixed-use building at 120 W Broadway Street in Butte, Montana, presents a unique investment opportunity. This iconic 29,220 square foot property, situated on a 0.12-acre lot (5,140 square feet), boasts a rich history, having been built in 1917. Currently generating income from established tenants, including the Quarry Brewery on the lower level and the Derailed Bike Shop and a private event space on the ground floor, the building offers significant upside potential. Floors three through six are currently shell space, previously used as hotel rooms. A proposed plan outlines the conversion of these floors into twenty residential condo units – three two-bedroom/two-bathroom units, one two-bedroom/one-bathroom unit, and one studio unit per floor. This adaptive reuse project is primed for success, given the building's structural design and the high demand for residential units in the area. The property's location within a Qualified Opportunity Zone makes it eligible for Historic Tax Credits, further enhancing its investment appeal. The Uptown Butte location, within the URA District, provides additional incentives for revitalization projects. Adding to the value, a separate 2,091 square foot vacant lot on Broadway Street is included in the sale. A 2023 appraisal valued the entire property at $2,050,000, indicating immediate equity upon purchase at the asking price of $1,300,000.

Property Details for 120 Broadway St

Property type
Square Feet
29,220 SF
Year Built
1917
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Butte
County
Silver Bow
State
Montana
Latitude
46.01323
Longitude
-112.5387
120 Broadway St, Butte, Montana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
120 Broadway St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message