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27902 Meadow Drive
Incomes Property$1,195,000Under Contract
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 and 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 and 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 and willing to sell the adjacent building 27972 Meadow Drive if desired. Current leasing and sale price info for that building is available upon request.