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    000 Discovery Dr Butte, MT 59701

    For Sale
    $1,100,000

    Prime Butte, MT development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional $1,100,000 investment presents a fully entitled, shovel-ready opportunity to develop a 56-unit apartment complex in Butte, Montana. Located on a 3.12-acre lot at 000 Discovery Drive, this project boasts approved plans and permits for two two-story buildings, each containing 28 units. The thoughtfully designed unit mix includes 24 studio apartments, 24 two-bedroom/two-bathroom units, and 8 one-bedroom/one-bathroom units, all featuring convenient resident storage lockers. Situated in Butte's city center, this prime location offers easy access to downtown amenities, Interstate 90, and nearby attractions such as the Butte Family YMCA, Montana Dance Works, and the Copper Mountain Sports and Recreation Complex. Butte's thriving community, rich history, and robust economy, bolstered by major employers and institutions like Montana Tech, create a high-demand rental market. This development capitalizes on Butte's ongoing growth trajectory, presenting a rare opportunity for significant return on investment in a strategically located, fully permitted project. The property's central location and diverse unit mix are designed to attract a wide range of tenants, ensuring strong occupancy rates and consistent rental income. This is a turnkey project ready for immediate development.

    Property Features for 000 Discovery Dr

    General Information

    Property type
    Individual retail properties
    Lot Size
    135,907 SF

    HighLights

    • $1,100,000 asking price for a mixed‑use commercial building.
    • 3.12‑acre lot in Butte, Montana.
    • Shovel‑ready, fully entitled site with approved plans and permits for a 56‑unit apartment complex (28 units per building, two stories each).
    • Unit mix includes 24 studios, 8 one‑bedroom/one‑bathroom units, and 24 two‑bedroom/two‑bathroom units, all with storage lockers.
    • Prime location near Butte Family YMCA, Montana Dance Works, Copper Mountain Sports and Recreation Complex, and Interstate 90.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.5346253
    Latitude
    45.9813001

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    FAQs

    What type of property is this?
    Individual retail property - Prime Butte, MT development opportunity.
    Where is this individual retail property located?
    The property is located at 000 Discovery Dr Butte, MT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for a mixed-use commercial building.; 3.12-acre lot in Butte, Montana.; Shovel-ready, fully entitled site with approved plans and permits for a 56-unit apartment complex (28 units per building, two stories each).
    (406) 498-6465
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    000 Discovery Dr Butte, MT 59701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    000 Discovery Dr Butte, MT 59701
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