000 Discovery Dr, Butte, MT 59701
This exceptional 3.12-acre commercial land parcel in Butte, Montana, presents a remarkable development opportunity. Located at 000 Discovery Drive, 59701, this fully entitled site is shovel-ready, with all necessary plans and permits secured for immediate construction. The approved plans detail a two-building, 56-unit apartment complex, perfectly positioned to capitalize on Butte's thriving growth and strong rental market. The complex design includes a mix of 24 studio, 24 two-bedroom/two-bathroom, and 8 one-bedroom/one-bathroom units, each featuring convenient resident storage lockers. This strategic location in Butte's city center offers unparalleled access to amenities such as the Butte Family YMCA, Montana Dance Works, and the Copper Mountain Sports and Recreation Complex, as well as easy access to Interstate 90. Butte's rich history, vibrant community, and robust local economy, bolstered by major employers and top-tier educational institutions like Montana Tech, create a highly desirable living environment. This is a rare chance to invest in a high-demand market with a proven track record of growth and development. The asking price for this exceptional property is $1,100,000. Don't miss this opportunity to secure a prime piece of Butte real estate and build a thriving apartment community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.