102 Ping Ln Eagle, CO 81631

Property Details for 102 Ping Ln

Lot size

7.18 lot acres

Property type

Commercial real estate

Description

This exceptional 7.18-acre property presents a unique development opportunity in the heart of Eagle, Colorado. Situated on Ping Lane, it's partially bordered by the scenic Eagle River and enjoys immediate proximity to Grand Avenue, providing easy access to Eagle's vibrant downtown. The property's Rural Residential (RR-1) zoning allows for low-density development, permitting up to four dwelling units per acre. This translates to significant potential for building single-family homes or duplexes, maximizing the land's value. Furthermore, the zoning regulations permit the construction of accessory dwelling units (ADUs) and accessory detached structures, such as shops or garages, adding further flexibility and potential rental income streams. The location is incredibly convenient, placing residents within walking distance of Eagle's historic downtown, known for its diverse range of businesses, restaurants, bars, and shops, as well as its access to world-class recreational activities. This prime location is further enhanced by the Town of Eagle's ongoing Grand Avenue improvement project. This significant undertaking will transform the Grand Avenue corridor, expanding it from two to four lanes, adding a center median, a dedicated bicycle/pedestrian lane, and new transit stops. This infrastructure upgrade will not only improve safety and reduce traffic congestion but also stimulate economic growth within the town, further increasing the property's long-term value and desirability. This is a rare chance to acquire a substantial parcel in a thriving Colorado community with exceptional development potential.