Mixed-Use Downtown
120 East 3rd Street Eagle, CO 81631
120 East 3rd Street, Eagle, CO, 81631
$1,200,000
Pending
For Sale
$1,200,000
Pending
Five-unit building with two commercial and three residential units, upgraded with a newer metal roof and solar panels.
Property Size3,978 SF
Days on Market62
Property Features for 120 East 3rd Street
General Information
- Standard status
- Pending
- Size
- 3,978 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1983
Listing agency
Mountain Lifestyle Properties
(970) 390-0492
Listed by
David Nudell · License #EA40011344
(970) 390-0492
Source
Compass
Added: May 21 Updated: Jul 21 at 1:31AM Checked: Jul 21 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mountain Lifestyle Properties
Investment Insights
Based on property information with market context.
This five-unit mixed-use building includes two commercial units and three residential units. The property has been upgraded and is described as well maintained, with freshly painted interior common areas. Improvements noted include a newer metal roof, solar panels, and fire sprinklering.
The building is located in the heart of historic downtown Eagle, Colorado, at 120 East 3rd Street.
For the configuration, the key takeaway is the live/work mix of two storefront-style spaces and three residential units within the same fire-sprinklered structure.
The building is located in the heart of historic downtown Eagle, Colorado, at 120 East 3rd Street.
For the configuration, the key takeaway is the live/work mix of two storefront-style spaces and three residential units within the same fire-sprinklered structure.
Key Highlights
- 5‑unit building in historic downtown Eagle with 2 commercial units and 3 residential units
- Newer metal roof and solar panels
- Fire sprinklered building
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $21.12 |
| − Vacancy | −$4.4k | −$1.10 |
| EGI | $79.6k | $20.02 |
| − OpEx | −$23.9k | −$6.01 |
| NOI | $55.8k | $14.02 |
3,978 SF · lease $21.12/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$796.5K
$696.9K – $929.2K
NOI $55,753 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$713.6K
$624.4K – $832.5K
NOI $49,950 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.09M
$954.7K – $1.27M
NOI $76,378 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Five-unit building with two commercial and three residential units, upgraded with a newer metal roof and solar panels.
Where is this mixed-use property located?
The property is located at 120 East 3rd Street Eagle, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5‑unit building in historic downtown Eagle with 2 commercial units and 3 residential units; Newer metal roof and solar panels; Fire sprinklered building
