Rare mixed use property opportunity near Downtown Evergreen! Very flexible! It's immediately ready for commercial leasing with only one long-term lease in place and a historical cap rate just over 8. This property is approved for mixed use residential and commercial development. Huge upside in developing interior residential units. With no affordable residential inventory & tremendous demand in the Evergreen area, this will be very attractive to tenants. As a bonus the local businesses are interested in renting units to hold for current and future employees. The property is the perfect location for either commercial or residential tenants. Close & super convenient to downtown Evergreen and all it has to offer, as well as Evergreen lake!
Only a few scenic minutes to I-70 too! The seller is flexible & willing to sell the adjacent building 27972 Meadow Drive if desired. Current leasing and sale price info for that building is available upon request.
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27902 Meadow Drive, Evergreen, CO 80439 (MLS# 6751928) is a
Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms.
27902 Meadow Drive is currently listed for $1,195,000 and was received on August 24, 2016.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.