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Highway 191 - The Quarry @ Big Sky

53.3 Acres of Commercial Land Offered at £11,060,140 in Big Sky, MT 59716

Investment Highlights

  • Shovel Ready Multi-Family (BTR or BTS) and Commercial development in Big Sky

Executive Summary

The Quarry at Big Sky’s offers a rare opportunity to acquire Phase I, the initial, shovel ready 53+ acres of approved BTR/BTS units. This first phase includes 90 approved SFR units for sale or for rent. There are an additional 120+ acres of land as part of the mixed-use development located in Montana’s top resort community. The property rests in the Gallatin Canyon offering breathtaking views of the Gallatin river and surrounding rocky mountains. The development plan includes two zoning districts allowing for 135.5 acres of residential development and 39.6 acres of commercial development. Of the 175 acres, 109.5 acres are designated for Open Space use. The property rests in the Gallatin Canyon offering breathtaking views of the Gallatin river and surrounding rocky mountains. The owner has submitted the final PUD and has received approval from the Gallatin County Department of Planning & Community Development and Big Sky Water & Sewer. The Quarry at Big Sky development team has brought together local and international consultants to develop a comprehensive, functional plan that aligns with the goals of the Gallatin County Growth
Policy which will be applied with consistency throughout implementation. There are several access points possible off the main highway, allowing a safe and efficient vehicular circulation system. The residential development will yield 135 units containing 466 parking spaces (two spaces per unit required) and welcome an estimated 337 new residents. Commercial development will support 170,000
square feet of commercial space in addition to 130 multi-family units with support for 325 new residents. Montana's Department of Environmental Quality (DEQ) has issued their initial Certificate of Subdivision Approval (COSA) for the first 90 single family homes (BTS or BTR units). Construction could commence immediately on the 90-unit, shovel ready, Phase I offered at $14m.

Property Facts

Price £11,060,140
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Apartment Units - Condo
  • Community Centre
  • Hotel
  • Single Family Development
  • Single Family Residence
Total Lot Size 53.30 AC

1 Lot Available

Lot Subdiv #1

Price £11,060,140
Price Per AC £207,507
Lot Size 53.30 AC

The Quarry is located in Big Sky, MT on Hwy 191 midway between West Yellowstone and Bozeman and minutes from Big Sky Skiing. Big Sky is a fast growing, mountain resort community in need of housing (BTR or BTS) with daily traffic of over 14,000 cars.

Description

PROPOSED DEVELOPMENT SPECIFICATIONS Residential Zone Total Acres 53.3 acres Proposed Lots 14 Lots Dwelling Unit Entitlements 135 Units Dwelling Type: single-family detached Commercial Zone Total Acres 22.7 acres Proposed Lots 11 Lots Commercial Entitlements 170,000 sq. ft. Total Square Footage Multi-Family Entitlements 130 Units Dwelling Type: multi-family attached condominiums on second and subsequent stories above commercial Open Space Total Acres 109.54 acres Acres greater than 40% Slope 19.19 acres Acres less than 40% Slope 90.35 acres

  • Listing ID: 24388067

  • Date on Market: 29/10/2021

  • Last Updated:

  • Address: Highway 191, Big Sky, MT 59716

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