139 Broadway Eagle, CO 81631
12,284 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,284 sqft
Price per Sqft $438
Subdivision Eagle
MLS Listing ID 1014476
HOA Y/N No
Year Built 1927
Annual Tax Amount $20,868
Tax Year 2025
Lot Size 0.620 Acres
Acres 0.62
Property Sub-Type Mixed Use
Source Vail Multi-List Service
Property Description
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.
Location
State CO
County Eagle
Community Eagle
Area Eagle
Zoning Broadway District
Interior
Heating See Remarks
Exterior
Parking Features See Remarks
Utilities Available Trash Service, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Satellite, Water Available, See Remarks, Sewer Connected
Roof Type See Remarks
Total Parking Spaces 8
Building
Foundation Poured in Place
Lot Size Range 0.62
Others
Tax ID 1939-324-07-002
Acceptable Financing 1031 Exchange, Cash, New Loan, See Remarks
Listing Terms 1031 Exchange, Cash, New Loan, See Remarks
Special Listing Condition None
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