40 E Broadway ST Active Save Request In-Person Tour Request Virtual Tour
Butte,MT 59701
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 24,100 sqft
Price per Sqft $18
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 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
Garage On Street
Fence None
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,See Remarks
Waterfront No
View Y/N Yes
Water Access Desc Public
View City,Mountain(s),Valley
Roof Type Other,Rubber,Rolled/Hot Mop
Present Use Vacant
Parking Type On Street
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