230 Third Street, Eagle, CO 81631

Property Description

Exceptional mixed-use investment opportunity in the heart of downtown Eagle. Situated on a highly visible corner along Highway 6, this 8-unit building benefits from exposure to approximately 11,000 vehicles per day, making it an ideal location for a variety of commercial uses. The property is currently 100% leased and generates a 6.8% cap rate, with flexible lease terms that provide a buyer the opportunity to reposition the property, occupy it, or redevelop it in the near future. Several units have been updated, and there is ample on property and on-street parking surrounding the building. The seller also has approximately $30K worth of architectural plans for an additional three-bedroom upper-level unit, offering further value-add potential. Whether you're an investor seeking stable cash flow, an owner-user looking for a company headquarters with employee housing, or a developer exploring the property's future potential, this asset offers exceptional flexibility. The property is zoned for approximately 75% commercial and 25% residential use. The current configuration may not conform to existing zoning requirements, and buyers are encouraged to verify all zoning, permitted uses, redevelopment potential, and compliance with the Town of Eagle.