140 W Park ST new Save Request In-Person Tour Request Virtual Tour
Butte,MT 59701
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 12,290 sqft
Price per Sqft $235
MLS Listing ID 403368
Year Built 1900
Annual Tax Amount $6,847
Tax Year 2024
Lot Size 4,199 Sqft
Acres 0.0964
Property Sub-Type Building
Property Description
Welcome to the historic Stephens Hotel Building, an exceptional investment opportunity located in the heart of Uptown Butte, MT. This beautifully renovated property combines modern amenities with charming historical features, making it a rare gem in a prime location. With 10 newly renovated apartments, tw0 established restaurant leases, and an additional commercial space available for lease, this building is poised for both immediate income generation and long-term appreciation.
Situated at the bustling intersection of Park St and Montana St, the Stephens Hotel benefits from high traffic and visibility, making it an ideal location for both residential and commercial tenants. Uptown Butte is known for its vibrant community, rich history and a diverse array of shops, restaurants, MT Tech university and cultural attractions.
The building has undergone a complete transformation, with meticulous renovations that honor its historical character while incorporating modern conveniences. The entire building has been completely updated including plumbing, electrical system, heating and much more!
The second and third floors of the building feature ten newly renovated apartments, each designed with modern finishes while retaining the original architectural details that make the Stephens Hotel Building unique. The apartments range in size and layout. Common laundry on the second and third floors for tenants. Each unit boasts spacious living areas with abundant natural light, modern kitchens equipped with stainless steel appliances, stylish bathrooms with high quality fixtures, beautifully restored original woodwork and en-suite laundry units in select units.
The main floor of the building is home to two established restaurant leases, both of which had been renovated. The restaurants are designed with inviting atmospheres, showcasing a blend of modern aesthetics and historic charm. In addition to the existing restaurant leases, there is a vacant space on the main floor ideal for another commercial tenant.
This property presents a unique opportunity for investors looking to acquire a multi-use building in a high traffic area. Don't miss your chance to own a piece of Butte's history and be a part of its bright future! Schedule a tour today!
Location
State MT
County Silver Bow
Area Butte And Surrounding Areas
Direction GPS will take you right to it!
Interior
Heating Baseboard, Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Available, Water Available
Water Access Desc Public
Building
Water Public
Others
Tax ID 0000077900
Acceptable Financing Cash,1031 Exchange,3rd Party Financing
Listing Terms Cash,1031 Exchange,3rd Party Financing
Special Listing Condition None