120 W Broadway

Description

This historic Butte landmark, The Grand, offers a unique opportunity for visionary investors. Built between 1915-1916 as a robust labor temple, its unconventional 2-foot-thick brick exterior speaks to its enduring strength. After a storied past as a hotel, housing Golden Glove boxers under Senator Burton K. Wheeler's direction, The Grand was acquired by the Bolter family and later Bob Lequere, who established a high-altitude boxing training center. The building boasts significant modern upgrades. The basement, home to the Quarry Brewery, was fully renovated in 2011 with updated electrical and in-floor heating, and holds a long-term lease. The first floor, updated in 2013 with new electrical and plumbing, features a leased space for Derailed Bike Shop (seeking a long-term lease), a private party room, and two offices with an inviting lobby. This floor's unique 2x8 edge-set timber deck provides robust support. The upper four floors (2-5), each spanning 4,986 square feet, are a developer's dream. Currently with original lath and plaster construction, they are primed for conversion into 20 apartments or condos (five per floor), with a proposed mix of two-bedroom/two-bath, two-bedroom/one-bath, and studio units. Floors 3 and 5 offer exceptional flexibility, with the 3rd floor capable of being cleared for an open layout, and the 5th floor providing stunning 360-degree mountain views. Plumbing and electrical stubs are already in place, ensuring a smooth development process for the upper floors.