101 E. Lincoln Blvd, Libby, MT 59923

sale $1,099,000 | Commercial-Other

Listed By CENTURY 21 Summit Realty

Bring new life to one of Libby's most recognizable landmarks. Built in 1916, the Historic Libby High School stands as a striking example of Collegiate Gothic architecture and was proudly placed on the National Register of Historic Places in 2008. Situated on a 1.74 acre lot in the heart of downtown Libby, Montana, this impressive approximately 30,000 square foot brick structure offers two floors plus a full basement and tremendous redevelopment potential. The building is currently in the demolition and reconstruction phase, leaving a mostly open shell ready for visionary transformation. While the structure requires extensive repairs, the bones of the building remain, including soaring 12-foot ceilings, and distinctive architectural details that create the perfect canvas for an adaptive reuse project. More This property presents an exceptional opportunity to develop loft-style apartments, mixed-use commercial and residential space, creative live/work units or boutique hospitality or community-focused redevelopment. Its central downtown location places the project within walking distance of Libby's businesses, services, and community amenities, making it ideal for a vibrant redevelopment. Even more compelling, the project qualifies for significant preservation incentives, including, a Federal Historic Rehabilitation Tax Credit and a Montana Historic Preservation Tax Credit. These programs can substantially offset renovation costs and make restoring this landmark financially attractive. Help bring this iconic structure back to life -- and create the project everyone in town will be talking about!

Property Features

Average Floor Size: 0
Basement: Full
Building Area: 30000.00 SF
Cross Docks: N
Exterior Description: Brick
For Auction: N
Level Number: 3
Lot Size In Text: 1.74 Acres
MLSID: 30066390
Price Upon Request: N
Sewer: City
Style: Other Style
Sublease: N
Water: City Water
Year Built: 1916
Zoning: Business/Residential