The Grand Hotel | Mixed-Use | Adaptive Reuse Project

120 W Broadway Street, Butte, MT 59701

  • For Sale $1,300,000
  • Property Type Retail - Street Retail
  • Property Size 29,220 SF
  • Additional Rent Contact for pricing
  • Date Updated Dec 11, 2024
ButteLocated in Uptown Butte, the Grand Hotel is a +/- 29,220 SF mixed-use property situated on a 5,140 SF lot. Built in 1917, this six-story building features +/- 4,870 SF per floor, with the Quarry Brewery occupying the lower level and Derailed Bike Shop along with a private event space on the ground level. Floors 3-6, currently shell space, were formerly used as hotel rooms and are structurally designed to accommodate five condo units per floor, for a total of 20 units. The proposed floor plan includes three 2 BR/2 BTH units, one 2 BR/1 BTH unit, and one studio unit per floor, offering a unique opportunity for an adaptive reuse project. This iconic property generates income while presenting significant upside potential through the 20-unit condo conversion. Situated in a Qualified Opportunity Zone, the Grand Hotel is eligible for Historic Tax Credits and benefits from its location within the URA District, which offers incentives for revitalization. Additionally, the offering includes a 2,091 SF vacant lot on Broadway Street. This property was appraised in 2023 at $2,050,000, offering immediate equity upon purchase.
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Highlights

  • Iconic Building in Uptown Butte
  • 29,220 Existing SF on 5,140 City Lot
  • Mixed-use property - Brewery, Retail, and Residential
  • Adaptive Reuse Project - 2 floors are built with 4 floors of shell space
  • Located in Qualified Opportunity Zone
  • Offering includes adjacent 2,091 SF vacant lot

Contacts

broker

Starner Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    90/100 Walker's Paradise
  • Transit Score ®

    19/100 Minimal Transit
  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Butte, MT
  • Neighborhood Butte
  • Zip Code 59701

Points of Interest

  • Conoco

    0.99 miles

  • Exxon

    1.60 miles

  • Cenex

    2.25 miles

  • Best Western Plus Tesla Charger

    2.69 miles

  • Thriftway #1

    3.05 miles

  • Park Street Parking Garage

    0.10 miles

  • Big Butte Upper Parking Lot

    1.06 miles

  • Big Butte Lower Parking Lot

    1.11 miles

  • Butte Town Center

    1.19 miles

  • Bus/Player/Employee Parking

    1.54 miles

  • Walking Trail Parking Lot

    2.08 miles

  • Electrify America Charger

    3.35 miles

  • Employee Parking

    3.37 miles

  • Walmart Grocery Loading Dock

    3.61 miles

  • Walmart Online Grocery Pickup

    3.62 miles

  • Taco Bell Cantina

    0.05 miles

  • Pita Pit

    0.06 miles

  • Taco Del Sol

    0.06 miles

  • Dairy Queen

    0.18 miles

  • Pekin Noodle Parlor

    0.18 miles

  • Pork Chop John's

    0.21 miles

  • La Casa Toscana

    0.21 miles

  • SoHo Asian Cuisine

    0.24 miles

  • Vu Villa Pizza

    0.25 miles

  • Subway

    0.26 miles

  • Dancing Rainbow Natural Grocery

    0.08 miles

  • Safeway

    1.08 miles

  • Butte Plaza Mall

    2.82 miles

  • Thomas' Apparel

    3.23 miles

  • Teton Village

    3.24 miles

  • Sears Hometown

    3.30 miles

  • Walmart Supercenter

    3.70 miles

  • Murdoch's Ranch * Home Supply

    3.87 miles

Frequently Asked Questions

How much does The Grand Hotel | Mixed-Use | Adaptive Reuse Project cost?

The space currently listed for sale at The Grand Hotel | Mixed-Use | Adaptive Reuse Project asks for $1,300,000.

What is the total square footage of The Grand Hotel | Mixed-Use | Adaptive Reuse Project?

The Grand Hotel | Mixed-Use | Adaptive Reuse Project totals 29,220 square feet.

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Contact Listing Broker
broker

Starner Commercial Real Estate