Freestanding Restaurant
For Sale
$1,475,000
2014 Harrison Avenue, Butte, MT 59701
Two-level commercial building with substantial parking, C2 zoning, and an existing restaurant and casino operation.
Property Size7,350 SF
Price / SF$201.04
Days on Market52
Property Features for 2014 Harrison Avenue
General Information
Standard status
Active
Size
7,350 SF
Property subtype
Commercial
Zoning
C2
Taxes and HOA fees
Annual Taxes
$17,500
Building Details
Building Size
7,350 SF
Listing Agency:
Century 21 Heritage Realty
(406) 995-2404
Listed By:
Michael Pitcairn
(406) 539-6060
Source:
Outlaw
Added: Aug 15
Changed: Sep 30
Last Checked: Oct 4 at 8:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Heritage Realty
Investment Insights
Based on property information with market context.
The offering comprises a 7,337-square-foot commercial building at 2014 Harrison Avenue, with space on the street level and in the basement. The property is currently occupied by The Derby restaurant and casino, and the sale includes the existing business furniture, fixtures, and equipment along with an all-beverage liquor license. C2 zoning supports the property’s established commercial setting.
Parking is provided in lots on both sides of the building, with a separate rear lot accessed from Florence Street. The site provides approximately 180 feet of Harrison Avenue frontage, while the combined parking and building lots total over 24,000 square feet. The property is positioned on Harrison Avenue, identified as Butte’s primary commercial corridor, with additional access from Florence Street.
Parking is provided in lots on both sides of the building, with a separate rear lot accessed from Florence Street. The site provides approximately 180 feet of Harrison Avenue frontage, while the combined parking and building lots total over 24,000 square feet. The property is positioned on Harrison Avenue, identified as Butte’s primary commercial corridor, with additional access from Florence Street.
Key Highlights
- Approximately 180 feet of Harrison Avenue frontage
- Combined lots total over 24,000 square feet
- 7,337‑square‑foot building with street‑level and basement space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,135
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,700
$1.8M
Cap Rate 7%
$1,287,643
$1.3M
Cap Rate 9%
$1,001,500
$1.0M
Market Conditions
NOI Build-Up for 7,337 SF
Gross rent
$123.3K $16.80/SF
− Vacancy
−$3.1K −$0.42/SF
EGI
$120.2K $16.38/SF
− OpEx
−$30.0K −$4.10/SF
NOI
$90.1K $12.29/SF
Area
Silver Bow County, MT
Vacancy
2.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,700
Cap Rate 7%
$1,287,643
Cap Rate 9%
$1,001,500
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,135 @ 7.0% cap · market cap 6.11%
Second Best
Hotel Hospitality
$634.8K
$555.4K – $740.6K
NOI $44,435 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,932 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Dining 26%
Shops & Services 18%
Home Improvements & Furnishings 15%
Safeway
Groceries
27,153 visits/mo
0.4 miles
Starbucks
Dining
14,049 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
12,147 visits/mo
0.4 miles
Conoco
Shops & Services
5,885 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,048 visits/mo
0.1 miles
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Asia Buffet — 1921 Dewey Blvd, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-level commercial building with substantial parking, C2 zoning, and an existing restaurant and casino operation.
Where is this conventional restaurant located?
The property is located at 2014 Harrison Avenue Butte, MT.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Approximately 180 feet of Harrison Avenue frontage; Combined lots total over 24,000 square feet; 7,337‑square‑foot building with street‑level and basement space
