139 Broadway, Eagle, CO 81631

Property Description

BROADWAY CORNER | 127 W 2nd St, 129 Broadway & 139 Broadway | Eagle, CO Rare assemblage of three contiguous parcels -- 26,901 SF / 0.618 acres -- anchoring the premier corner in Downtown Eagle at the intersection of Broadway Street and Grand Avenue (U.S. Highway 6). Zoned Broadway District (BD) per Town of Eagle, this site permits 4-story mixed-use development by right, with ground-floor commercial required on Broadway and high-density residential above. No rezoning required. The property is currently improved with six commercial tenants -- Second Street Tavern (NNN), The Collective on Second, Lilith Moon, Nurture Spa, The Art Space, Edward Jones-- plus six residential units in three apartment configurations: a 2BR/1BA house and five 1BR/1BA apartments. The stabilized cap rate is projected at 5.15% at the $5,390,000 asking price, achieved through lease-up only -- no construction required. Detailed financials available to qualified buyers. The Town of Eagle has identified increased downtown density as a strategic priority, and significant public investment is planned for the Grand Avenue / Highway 6 corridor, including pedestrian enhancements and placemaking infrastructure. Adjacent landmarks include Eagle Town Hall and Broadway Station (the first new mixed-use development in downtown Eagle in over a decade). Eagle County Regional Airport (EGE) is 10 minutes away. This is a once-in-a-generation opportunity to control an entire downtown city block at the intersection of Eagle's historic core and its most active future growth corridor. Seller may consider owner financing at a favorable rate for qualified purchasers. Financials and rent roll available upon execution of NDA.