TBD E Broadway Street

Description

Back On Market! No fault of property!! Introducing a prime commercial land opportunity situated on just over 1/2 acre in an exceptional location zoned C-2, which allows a number of commercial uses, mixed use, and multi family residential within both an Opportunity Zone and New Markets Tax Credit Zone. Based on the zoning and square footage of the lot, up to 11 apartment units could be built as-is (very likely more with a variance.) This highly advantageous property offers numerous benefits, including a $133,000 development grant from the esteemed East Butte RRA District, which can be seamlessly transferred to a new owner. Strategically positioned on a south-sloping lot, this remarkable land parcel offers captivating vistas of the breathtaking mountain ranges and the enchanting Butte area. Its idyllic setting ensures an aesthetically pleasing environment and serves as a strong selling point for prospective businesses seeking a visually appealing location. Surrounded by a diverse array of neighboring establishments, this property is a part of a vibrant community. Adjacent to the property, on the western side, stands the esteemed Broadway Garage, which currently houses the indoor Hertz rental car parking facility. This structure presents the potential of additional convenient parking solutions, but also presents exciting potential for expansion and development opportunities that a discerning developer may be seeking in addition to this offering. Residential properties grace the northern border, providing a built-in customer base and fostering a welcoming atmosphere. The eastern side is embraced by a charming caf, adding to the overall appeal and providing potential foot traffic for future ventures. Lastly, a reputable dentist office occupies the southern boundary, contributing to the commercial viability of the area. This commercial land opportunity combines the advantages of its prime location, inclusion within lucrative tax credit programs, and the added value of a substantial development grant. Whether you seek to establish a thriving business or capitalize on the investment potential of this sought-after area, this property promises a myriad of possibilities. Don't miss out on this rare chance to secure a valuable asset within a rapidly growing district.