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40 E Broadway Price East Street

Butte, 59701

$548,000
Commercial Sale Listing
24,100 SqFt

Summary

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

  • Type
    Building
  • Approx Sq Feet
    24,100
  • Year Built
    1893
  • Cooling
    Central Air
  • Heating
    Baseboard
  • Parking Features
    On Street
  • Utilities
    Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Days on Market
    110
  • Listing Courtesy of
    Engel & Volkers - Butte
  • MLS #
    392305

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

All property data and market statistics are pulled from Big Sky Country MLS.

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