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Presenting a unique real estate opportunity located on the SE corner of Mercury and Colorado Streets, this commercial lot offers a level topography and central location, and is currently generating monthly rental income. Zoned C-2, the property boasts an advantageous opportunity for the development of live-work-play units, mixed-use, and multi-family residential, among many other uses. What sets this property apart is its strategic positioning within the Opportunity Zone & the New Market Tax Credit census tract, as well as the local URA district offering significant development grants (up to $150,000 per year), loan programs, and other advantages. Surrounded by prominent landmarks, the property finds itself neighbored by the new Dairy Queen to the west, Pork Chop Johns to the east, the esteemed Action Inc. non-profit organization to the south, and the captivating Chinese Heritage Museum to the north. This eclectic mix of neighbors further highlights the property’s potential for diverse and vibrant community integration. The property is located within walking distance of all Uptown Butte amenities, including beautiful Emma Park. This lot is currently being rented on a month-to-month basis by a local corporation using it for equipment storage. This lot lease is transferable to a buyer, creating a very unique opportunity to earn a 4% cash return on vacant land while completing your plans to develop the property. This is a remarkable chance to invest in a strategically positioned property with versatile development opportunities, financial incentives, monthly cash flow, and a strong community backdrop. Contact us to explore the possibilities and seize this exceptional real estate offering.

• Acres
  0.277
• Days on Market
  98

Additional Features

• City
  Butte
• Contract Status Change Date
  2023-08-23
• Directions
  S E corner of Mercury and Colorado Streets. Neighbored by the new Dairy Queen to the west, Pork Chop Johns to the east, Action Inc. to the South, and Chinese Heritage Museum to the north.
• Documents Count
  1
• Latitude
  46.011029
• Listing Contract Date
  98
• Listing Key
  1043825668
• List Price
  184900
• Longitude
  -112.536361
• Lot Features
  Level
• Lot Size Acres
  0.277
• Lot Size Square Feet
  12066
• MLS Area Major
  Butte and Surrounding Areas
• MLS Area Minor
  10 B N E - Butte - N of Front, E of Montana
• MLS Status
  Active
• Original List Price
  184900
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  0002004350
• Photos Count
  6
• Postal Code
  59701
• Property Sub Type
  Unimproved Land
• Property Type
  Land
• Sewer
  Public Sewer
• Standard Status
  Active
• Subdivision Name
  Other
• Tax Annual Amount
  542
• Tax Legal Description
  BUTTE TOWNSITE, S13, T03 N, R08 W, BLOCK 53, LOT 16 - 18
• Tax Year
  2022
• Unparsed Address
  T B D W Mercury Street
• Utilities
  Sewer Available, Water Available
• Waterfront Features
  None
• Water Source
  Public

Let me show you this listing!