Mixed-Use Corner
For Sale
$5,390,000
139 Broadway St, Eagle, CO
Three contiguous parcels combine existing commercial and residential occupancy with by-right mixed-use development under Broadway District zoning.
Property Size12,284 SF
Lot Size0.62 Acres
Price / SF$438.78
Days on Market115
Property Features for 139 Broadway St
General Information
Standard status
Active
Size
12,284 SF
Lot size
0.62 Acres
Zoning
Broadway District (BD)
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA house, 5 x 1BR/1BA apartment
Multifamily Units
6
Additional Details
Asking Price
$5,390,000
Taxes and HOA fees
Annual Taxes
$20,868
Building Details
Tenancy
Multi
Listing Agency:
Beveridge Real Estate
(970) 328-7444
Listed By:
Rick Beveridge · License #ER.1264565
(970) 390-7594
Source:
Exprealty
Added: Jun 22
Changed: Oct 8
Last Checked: Oct 12 at 10:41PM
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 Beveridge Real Estate
Investment Insights
Based on property information with market context.
This mixed-use assemblage brings together three contiguous parcels totaling 26,901 SF, or 0.618 acres, at the Broadway Street and Grand Avenue intersection in Eagle. The property is zoned Broadway District (BD), allowing four-story mixed-use development by right, with required ground-floor commercial space along Broadway and high-density residential above.
Current improvements include six commercial tenants and six residential units arranged as one 2BR/1BA house and five 1BR/1BA apartments. Commercial occupants include Second Street Tavern, The Collective on Second, Lilith Moon, Nurture Spa, The Art Space, and Edward Jones. The site is adjacent to Eagle Town Hall and Broadway Station, with Eagle County Regional Airport 10 minutes away. Planned public improvements along the Grand Avenue and U.S. Highway 6 corridor include pedestrian enhancements and placemaking infrastructure.
Current improvements include six commercial tenants and six residential units arranged as one 2BR/1BA house and five 1BR/1BA apartments. Commercial occupants include Second Street Tavern, The Collective on Second, Lilith Moon, Nurture Spa, The Art Space, and Edward Jones. The site is adjacent to Eagle Town Hall and Broadway Station, with Eagle County Regional Airport 10 minutes away. Planned public improvements along the Grand Avenue and U.S. Highway 6 corridor include pedestrian enhancements and placemaking infrastructure.
Key Highlights
- 26,901 SF assemblage spanning 0.618 acres
- Broadway District (BD) zoning permits four‑story mixed‑use development by right
- Six commercial tenants and six residential units currently occupy the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,163
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,443,260
$3.4M
Cap Rate 7%
$2,459,471
$2.5M
Cap Rate 9%
$1,912,922
$1.9M
Market Conditions
NOI Build-Up for 12,284 SF
Gross rent
$259.4K $21.12/SF
− Vacancy
−$13.5K −$1.10/SF
EGI
$245.9K $20.02/SF
− OpEx
−$73.8K −$6.01/SF
NOI
$172.2K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,443,260
Cap Rate 7%
$2,459,471
Cap Rate 9%
$1,912,922
Alternative Uses
Best Use
Retail
$2.46M
$2.15M – $2.87M
NOI $172,163 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$2.20M
$1.93M – $2.57M
NOI $154,244 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,853 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three contiguous parcels combine existing commercial and residential occupancy with by-right mixed-use development under Broadway District zoning.
Where is this mixed-use property located?
The property is located at 139 Broadway St Eagle, CO.
What is the asking price?
The asking price for this property is $5,390,000.
What are key features of this property?
This property features: 26,901 SF assemblage spanning 0.618 acres; Broadway District (BD) zoning permits four‑story mixed‑use development by right; Six commercial tenants and six residential units currently occupy the property
