40 Broadway St, Butte, MT 59701-9350

This exceptional mixed-use property, located at 40 E Broadway Street in Butte, Montana, presents a unique investment opportunity. Originally constructed in 1893 as the Ellwood Block and later expanded in 1912 as the Montana Electric Building, this 24,100+ square foot property boasts a rich history and significant potential. The buildings, currently connected to adjacent structures, sit on a 7,851 square foot lot and are zoned C3 Mixed Use Commercial, allowing for a variety of development options. The upper floors are ideally suited for residential conversion, while the street level is perfect for retail or dining establishments. Sweeping views from the lower rooftop of the "Price" building offer potential for an outdoor space. Existing infrastructure includes elevator service and fire suppression systems. The mid-century turquoise paneling has been removed from the Montana Electric Building, revealing a restorable historic facade. While the Ellwood Block's original details remain covered, a handsome bay-fronted facade could be restored. A transferable Qualified Opportunity Zone Fund is established, and the application process for Federal Historic Tax Credits is underway. The property's location within the Urban Revitalization Agency boundary may qualify it for additional grants and loan programs for restoration and redevelopment. Note that a new owner will be responsible for separating utilities from the Western bordering structure(s) and obtaining a new property address.