40 E Broadway Street , Butte, MT 59701
Butte, MT 59701
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.
Details
| MLS# | 30026707 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1893 |
| Days On Site | 123 |
| Listing Provided By | Engel & Völkers - Butte | Jason Silvernale |
Features
| SQ Feet | 24,100 |
|---|---|
| Basement | Y |
| Zoning | Commercial |
| Acreage | 0.18 |
| Property View | Yes |
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Learn More About This Property
| State | MT |
|---|---|
| County | Silver Bow |
| City | Butte |
| Zip Code | 59701 |
| Listing VS Median (in 59701) | |
Price: $548,000 low | high Med: $360,000 SqFt: 24,100 low | high Med: 1,680 $ / SqFt: $23 low | high Med: $215 On Site: 123 low | high Med: 152.500000 | |