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.
IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 26th September, 2023 2:14 AM (UTC)