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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

27988 Knowles Rd Evergreen, CO 80439

8,194 SF 1.7 ac lot Built 1919
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1919
Total area 8,194 SF
Lot 1.7 ac (74,052 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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