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40 E Broadway (Price & East) Street

Butte, MT 59701
  • $589,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 392305
UPDATED: 136 min ago
$589,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,100
    SQFT
  • $24
    $/SQFT
Type:
Commercial
Built:
1893
County:

School Ratings & Info

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.

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© 2024 Big Sky Country MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Outlaw Realty. Data last updated: 2024-07-14T14:52:15.117.
www.outlaw.realty/homes/150739146
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40 E Broadway (Price & East) Street Butte, MT 59701

  • Price: $589,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 136 min ago
  • MLS #: 392305
0
Beds
0
Baths
0
½ Baths
0.18
Acres
24,100
SQFT
$24
$/SQFT
1893
Built
Neighborhood:
10Bne - Butte - N Of Front, E Of Montana
County:
Silver Bow
Area:
10Bne - Butte - N Of Front, E Of Montana
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.
Exterior Features

Parking Features On Street Road Frontage Type

Interior Features

Above Grade Finished Area 0 Building Area Total 24100 Cooling Central Air Cooling YN Yes Heating Baseboard Heating YN Yes

Property Features

Listing Terms Cash Item3rd Party Financing Possession Negotiable Possible Use Medical Dental Office Restaurant Retail Property Sub Type Additional Building Commercial Property Subtype Building Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 4575.35 Tax Year 2023 Utilities Electricity Available Natural Gas Available Sewer Available Water Available Water Source Public Zoning Description C3 - Central Commercial

Listing courtesy of Jason Silvernale of Engel & Volkers - Butte: 406-565-4935. © 2024 Big Sky Country MLS. All rights reserved.


© 2024 Big Sky Country MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Outlaw Realty. Data last updated: 2024-07-14T14:52:15.117.
 
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