39 Park StButte, MT 59701

Property Details for 39 Park St

Year built

1900

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

11,466 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

01-1197-13-1-15-01-0000

APU

1119713115010000

Description

This exceptional mixed-use property, located at 39 E Park Street in Butte, Montana, presents a unique investment opportunity. The building, constructed in 1889 and situated on the Historical Registry, boasts a substantial 11,466+ square feet on a 4,704 square foot lot. The main floor features recently installed windows, a new sidewalk, and a new sewer connection in the basement. A walk-in cooler is included in the kitchen area, along with two bathrooms and a small office. The upper levels offer significant potential for development, highlighted by charming rounded balconies providing expansive valley views. The building's rear parking area is currently under lease. Faithfully restored bays maintain their original turn-of-the-century appearance, with "mock" windows painted on the Northwestern Energy side to reflect original window replacements. Zoned C-3, this property offers unlimited possibilities within Butte's vibrant historic uptown district. The asking price is $699,999. This is a rare chance to acquire a piece of Butte's rich history and capitalize on its promising future. The property's size, location, and historical significance make it an ideal investment for a discerning buyer seeking a unique and potentially lucrative venture.

• CAP approach

  CAP return

  Valuation

  6%

  $3,014,274

  6.5%

  $2,782,407

  7%

  $2,583,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,160,558

  Geo Method

  $6,160,558

• Alternative Use

  Use

  Valuation

  Residential

  $2,347,064

  Hospitality

  $2,149,898

  Educational

  $1,788,690

  Medical

  $1,850,206

  Retail

  $2,782,407

Location Insight

City

Butte

County

Silver Bow

State

Montana

Latitude

46.0132

Longitude

-112.535

CBSA code

15580

CBSA name

BUTTE-SILVER BOW, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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