Montana CommunitiesProperties101 Lincoln Boulevard

101 Lincoln Boulevard$1,099,000

Libby, MT

30000.00 SF, 1.74 ACRES

$1,099,000

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Property Details

BIG PICTURE

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30000.00

FT2

1.74

ACRES

Description

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!

PRICE

$1,099,000

FEATURES

    • MLS #: 30066399
    • Lot: 75,794.40 sqft
    • Single-Family
    • Built in 1916
    • Price/sqft: $36.63
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Listed By: Steven McNulty, CENTURY 21 Summit Realty