Current Use by Public Records
- Mixed-use properties
Property Details for 000 Discovery Dr
- Lot size
- 3.12 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Banks
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Butte
- County
- Silver Bow
- State
- Montana
- Longitude
- -112.535
- Latitude
- 45.9813
