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$ 349,000

Est. payment -/mo

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Active

40 E Broadway ST Butte, MT 59701

24,100 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building/Land

Listing Status Active

Purchase Type For Sale

Square Footage 24,100 sqft

Price per Sqft $14

MLS Listing ID 30026707

HOA Y/N No

Year Built 1893

Annual Tax Amount $4,575

Tax Year 2023

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Building/Land

Property Description

Originally constructed as the Montana Electric Building (1912) and the Ellwood Block (1893), the “Price” & “East” buildings are waiting for their next chapter of history to be written. With 24,100 +/- square feet between the two adjoined buildings and C3 Mixed Used Commercial zoning, possibilities are plentiful. Multiple levels lend themselves to ideal residential conversion on the upper floors with retail and dining options at street level. Sweeping views from the “Price” lower rooftop could be the perfect backdrop for an outdoor lounge. Additionally, elevator service and fire suppression infrastructure are already in place.

Previously utilized as part of the Montana Power Company complex, the exterior mid-century turquoise paneling has been removed from the former Montana Electric Building revealing a restorable historic facade. While the original details of the Ellwood Block are still covered, a handsome bay fronted facade could be brought back to life. Current ownership has already established a transferable Qualified Opportunity Zone Fund along with starting the application process for Federal Historic Tax Credits. Additionally, the property is located within the Urban Revitalization Agency boundary and could be eligible for other special grants and loan programs involving the restoration and redevelopment of this set of 100+ year old buildings.

The “Price” & “East” are currently connected to the Western bordering structure(s). It will be the responsibility of a new owner to separate utilities accordingly. A new unique property address will also be assigned to property in the future.

Location

State MT

County Silver Bow

Community Curbs, Street Lights, Sidewalks

Zoning C3 Central Commercial - Mixed Use

Rooms

Basement Full, Walk-Out Access

Interior

Interior Features Elevator, High Ceilings

Heating Radiant

Cooling Central Air

Flooring Carpet, Linoleum, Other

Fireplace No

Exterior

Parking Features On Street

Fence None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, See Remarks

View Y/N Yes

Water Access Desc Public

View City, Mountain(s), Valley

Roof Type Other,Rubber,Rolled/Hot Mop

Present Use Vacant

Building

Lot Description Views

Dwelling Type Flex,Hotel/Motel,Mixed Use,Office,Retail

Foundation Stone, Basement

Sewer Public Sewer

Water Public

Others

Tax ID 01119713115220000

Security Features Fire Sprinkler System,Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Engel & Völkers - Butte

Danni Moore

Broker | License ID: BRO-LIC-88701

+1(406) 396-2442