118 N Montgomery Street, Philipsburg, MT 59858
sale
$1,150,000
|
Other
Courtesy Of Glacier Sotheby's International Realty
Historic Stephens Hotel (Kaiser House Annex, c. 1890) at 118 N Montgomery Street in the Philipsburg National Register Historic District - one-half block off Broadway. Rare shovel-ready rehabilitation: architectural and civil plans are final and State-permitted. Pull the permit and begin. The three-story brick landmark has been stripped and re-framed for mixed use. Street level is designed as a coffee house and retail gallery plus an approximately 19x21 professional office, with shared laundry and mechanical. Ten independently keyed residences range from 420 SF one-bedrooms to a 1,625 SF three-bedroom owner's suite with fireplace and crow's-nest access. First-floor ceilings approximately 15'; levels two and three approximately 12'. Mansard fourth-floor structure and dormers already in place. City water and sewer stubbed to the street. About 9,400-10,000 SF of building on +/-0.21 acre (Original Townsite Block 6, Lots 11-13). As a contributing historic-district building offered for income-producing use, the project is structured for stacked historic rehabilitation tax credits: 20% federal and 5% Montana on qualifying hard and soft costs (combined 25% of QRE). Depending on finish level, estimated credits are about $600,000 to $1,000,000. Credits are certification- and cost-dependent. Views toward Discovery Ski Area; walk to the Sweet Palace, Philipsburg Brewing Company, sapphire shops, the Opera House Theatre and downtown Broadway. Operate as condos, long-term rentals, a boutique inn, or a hybrid serving ski and main-street tourism. Exterior concept restores the STEPHENS HOTEL sign band, coffee/hotel entries, terrace seating and on-site parking. Offered at $1,150,000 with the permitted plan set. Buyer to verify square footage, utilities, remaining permit conditions, historic-tax-credit eligibility and all other due diligence items.
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Property Features
- Age: Over 50 Years Old
- Legal Description: PHILIPSBURG ORIGINAL TOWNSITE, S25, T07 N, R14 W, BLOCK 6, Lot 11-13, COS 1062
- MLSID: 30077811
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