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.
| MLS # | 1014476 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 62 |
| Listing Provided By | Beveridge Real Estate | Rick Beveridge |
| SQ Feet | 12,284 |
|---|---|
| Story(s) | 1 |
| Zoning | Broadway District |
| Acreage | 0.62 |
| Property | 20868 |
|---|
| State | CO |
|---|---|
| County | Eagle |
| City | Eagle |
| Zip Code | 81631 |
| Area | Eagle |
| Community Name | Eagle |
| Listing VS Median (in Eagle) | |
Price: $5,390,000 low | high Med: $824,750 sqft: 12,284 low | high Med: 1,485 $ / sqft: $439 low | high Med: $566 On site: 62 low | high Med: 272 | |
| State | CO |
|---|---|
| County | Eagle |
| City | Eagle |
| Zip Code | 81631 |
| Area | Eagle |
| Community Name | Eagle |
| Listing VS Median (in Eagle) | |
Price: $5,390,000 low | high Med: $824,750 sqft: 12,284 low | high Med: 1,485 $ / sqft: $439 low | high Med: $566 On site: 62 low | high Med: 272 | |