27902 Meadow Drive

Evergreen, CO 80439

Incomes Property  $1,295,000  Active

08-24-2017 12:20pm

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.

MLS#
6751928
MLS Originator
REcolorado (Denver)
Original Price
$1,395,000
Nearby Attraction
Corner Lot

Property
Income
Property Subtype
Income
Status
Active
Last Update
08-24-2017 12:20pm
Bedrooms
0
SqFt
11184
Year Built
1973
Der PSF Total
115.79

SqFt Lot
37026.00
SqFt Finished
11184
SqFt Above
11184

Previous Year Tax
$11,534
Terms and Conditions
Cash, Conventional
Transaction Type
For Sale

Interior Features
Cable Available, Double Pane Windows, Internet Access (Wired), Smoke Free, Vaulted
Flooring
Carpet
Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0

General
Corner Lot
Features
Balcony, Front Porch, Satellite Dish
Base Size
None
Parking Spaces
1
Vehicle Spaces
50
Type
# of Space
L x W
Description
Reserved
50
-
Lot View
Mountain View

Building Type
Other
Structure
Multi-Story
Roof
Composition Shingles
Construction
Wood Siding
Architectural Style
Traditional
Exterior Features
Balcony, Front Porch, Satellite Dish
Construction Method
Frame

School District
Jefferson County R-1
Elementary School
Bergen Meadow/Valley
Middle School
Evergreen
High School
Evergreen

Annual Actual Expenses
34036
Annual Projected Expenses
48500
Annual Actual Income
148716
Annual Projected Income
293100
Annual Actual Net Income
114680
Annual Projected Net Income
244600
Unit Furnished
0

PPA
1523529.41
Lot Width
0.00

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Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 27902 Meadow Drive, Evergreen, CO 80439
- Property Type: Incomes Property, - beds, - baths, 11184 SqFT
- Selling Price: $1,295,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
Area 2 (1-2 miles)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
Area 3 (2-3 miles)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
Area 4 (3-5 miles)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)
$1,295,000 (1)

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