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2401 Montana Ave Buffalo Block @ Historic, Unit REX Billings, MT 59101

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For Sale
$4,500,000

Historic building suitable for restaurant, office, or mixed-use development.

Property size:
22 SF
Lot size:
8.00 Acres

Property Features for 2401 Montana Ave Buffalo Block @ Historic

General Information

Zoning
CBD-Central Business District
Size
22 SF
Lot size
8.00 Acres

Building Details

Year built
1920

Source: George Warmer Agent George Warmer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Historic Rex Building Mixed-Use Opportunity

The Historic Rex building offers a blend of historic charm and contemporary flexibility, presenting opportunities for investors and restaurateurs. Constructed in 1920 in an Eclectic style, the building was financed in part by Buffalo Bill Cody, and served as a frequent haunt for the showman. The building features the original pressed tin ceiling on the first floor, now part of the Rex Restaurant. A one-story wing was added to the east in 1998. The property is located in a prime downtown location. The main floor and basement offer several options, including a full-service restaurant with an available all-beverage liquor license concession, mixed-use restaurant and banquet space with the same liquor license concession, or Class A office space requiring renovation. The purchase of the building includes the all-beverage license. The Buffalo Block @ Historic Rex Building includes a 3,250-SF fine dining area, a 3,194-SF bar/lounge addition, and a 3,250-SF basement, which must be part of a first-floor sublease. The total rentable square footage for the main floor and basement is 9,694 SF. The second and third floors each offer 3,250 SF. The property is a landmark historic building with architectural prestige, suitable for dining, hospitality, catering, boutique office tenants, and residential use. Additional parking is available.
Location Intelligence

Current Use by Public Records

Hotels

Map

City
Billings
County
Yellowstone
State
Montana
Longitude
-108.352
Latitude
45.6311

FAQs

What type of property is this?
Hotel - Historic building suitable for restaurant, office, or mixed-use development.
Where is this hotel located?
The property is located at 2401 Montana Ave Buffalo Block @ Historic, Unit REX Billings, MT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Prime downtown location ideal for dining, hospitality, catering, boutique office tenants, and residential use.; - Landmark historic property with architectural prestige and timeless character.; - Full beverage liquor license concession available with purchase or lease.
More about this property
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