1140 Capitol St Eagle, CO 81631-5000

Property Details for 1140 Capitol St

Year built

2001

Lot size

0.46 lot acres

Property size

6,243 SF

Property type

Apartment buildings

APN

2109 054 15 001

APU

210905415001

Description

The Capitol Theatre, a unique 21,482 square foot mixed-use building in Eagle, Colorado, presents a compelling value-add investment opportunity. This one-building property, constructed in 2002, sits on a 0.456-acre lot zoned Eagle Ranch PUD and features a diverse mix of commercial and residential spaces. The building includes a four-screen stadium-style movie theatre with a seating capacity of 645 (plus 16 wheelchair spaces), a concession stand, and ticket booth. Two commercial condominium units totaling 2,879 square feet offer retail frontage on Capitol Street. Adding to the income stream are two cellular tower leases with AT&T and Verizon. Upstairs, six residential lofts (two 2-bedroom and four 1-bedroom units) totaling approximately 6,243 square feet benefit from Eagle County's high occupancy rates and rental demand. The property is strategically located in the heart of Eagle Ranch, a thriving lifestyle community with residences, retail, offices, and restaurants. Ample parking (446 spaces) is within walking distance. Nearby businesses include Social Oak Wine & Restaurant, El Segundo Eagle, and Wild Sage. Two major housing developments (Hockett Gulch and Haymeadow) are under construction nearby, promising increased demand for commercial services. The asking price is $4,900,000, with a price per square foot of $228.10. This property offers significant redevelopment potential within a wealthy community with a high median household income ($97,724) and proximity to Vail and Beaver Creek ski resorts.