Overview

Rare mixed use property opportunity near Downtown Evergreen! Very flexible! It’s immediately ready for commercial leasing with only one long-term lease in place and a historical cap rate just over 8. This property is approved for mixed use residential and commercial development. Huge upside in developing interior residential units. With no affordable residential inventory & tremendous demand in the Evergreen area, this will be very attractive to tenants. As a bonus the local businesses are interested in renting units to hold for current and future employees. The property is the perfect location for either commercial or residential tenants. Close & super convenient to downtown Evergreen and all it has to offer, as well as Evergreen lake! Only a few scenic minutes to I70 too! The seller is flexible & willing to sell the adjacent building 27972 Meadow Drive if desired. Current leasing and sale price info for that building is available upon request.

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Location

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Neighborhood

Hiwan Hills

Hiwan Hills (1)

Property Details

  • Days on PL 61
  • Parking 50 Spaces
  • Lot Size 37,026 SF (0 Acres)
  • PSF $125
  • MLS ID 6751928
  • Type Income
  • Style Up/Down
  • Architecture Traditional
  • Structure Type Multi-Story
  • Seller Individual
  • Above Grade sqft 11,184 SF
  • Finished sqft 11,184 FSF
  • Total sqft 11,184 TSF
  • Hoa Fees None
  • Year Built 1973
  • Faces
  • Amenities Air Conditioning-Central, Balcony, Cable Available, Carpet, Corner Lot, Double Pane Windows, Front Porch, Internet Access (Wired), Mountain View, Satellite Dish, Smoke Free, Vaulted

Additional Details

  • City Evergreen
  • School Districts Jefferson R-1
  • Elementary School Bergen Meadow/Valley
  • Junior High School Evergreen
  • High School
  • Zoned P-D
  • Taxes $11,534
  • County Jefferson
  • Heat Delivery Forced Air
  • Heat Fuel Gas
  • Cooling Air Conditioning-Central
  • Water
  • Sewer
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction 1973

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