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    27988 Knowles Rd Evergreen, CO 80439

    Sponsored
    For Sale
    $3,250,000

    Prime Evergreen location, 8,194 sq ft retail space

    Property size:
    8,194 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Evergreen, Colorado retail property, located at 27988 Knowles Rd, offers a unique investment opportunity. The 8,194 square foot commercial space, built in 1919, sits on a 1.7-acre lot and is zoned MR-1. The property's prime location is just one block from downtown Evergreen, providing easy access to a vibrant community with numerous restaurants, bars, galleries, and recreational activities such as the Evergreen Lake, which hosts concerts, paddleboarding, ice skating, and New Year's fireworks. The property's proximity to popular establishments like the Wildflower and the Little Bear further enhances its appeal. This property presents a multitude of potential uses, given its zoning and location. The current configuration includes six contiguous properties, totaling eight dwelling units, offering immediate rental income potential. The property's charm and location make it ideal for various strategies, including fix-and-flip, fix-and-hold, or short-term rental management. The potential for redevelopment into single-family townhomes or condos also exists, subject to necessary approvals. The asking price is $3,250,000. Serious inquiries only. Please do not disturb tenants.

    Property Features for 27988 Knowles Rd

    General Information

    Property type
    Retail properties
    Square Feet
    8,194 SF
    Lot Size
    74,052 SF

    Building Details

    Year Built
    1919

    HighLights

    • 8,194 SF commercial building on a 1.7‑acre lot in Evergreen, CO.
    • Located one block from downtown Evergreen, near Evergreen Lake and popular restaurants.
    • Zoned MR‑1, offering multiple redevelopment possibilities including townhomes or condos (subject to approvals).
    • Currently configured as six contiguous properties with eight dwelling units, providing immediate rental income.
    • Asking price: $3,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Department Store Kitchen & Bath Electrical Service Furniture Store Bed & Breakfast Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.3181036
    Latitude
    39.6339872

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    FAQs

    What type of property is this?
    Retail property - Prime Evergreen location, 8,194 sq ft retail space
    Where is this retail property located?
    The property is located at 27988 Knowles Rd Evergreen, CO.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 8,194 SF commercial building on a 1.7-acre lot in Evergreen, CO.; Located one block from downtown Evergreen, near Evergreen Lake and popular restaurants.; Zoned MR-1, offering multiple redevelopment possibilities including townhomes or condos (subject to approvals).
    Request Owner's contact information
    27988 Knowles Rd Evergreen, CO 80439
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    Evergreen, CO 80439
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27988 Knowles Rd Evergreen, CO 80439
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