$525,000

Sold For: $510,000

Date Sold: 05/18/18

Type
Commercial Sale
Sub-Type
Retail
Subdivision
Eagle
Approx. Sq.Ft.
1,880
MLS #
931555
Status
Sold
Parking
Surface Unassigned
Year Built
2005

Property Description

Perfect 1031 exchange opportunity with a 7.77% cap rate, $40,788 net income. Well-established, successful 13 year old retail business with 3+ years remaining on NNN lease plus two escalating 5 year options. All NNN expenses paid by tenant including property taxes, HOA fees and utilities. This property is located in the historical downtown's newest building. The main level is 1413 sq ft w/ 10 ft ceilings. Lower level office/storage area has an additional 467 sq ft. Business is not for sale.

Presented By


Location

County
Eagle
Area
Eagle

Financial Information

Current Tax Amount
$3,109.20
Current Tax Year
2017

Interior

Entry Level Master
No
Loft
No
Loft Included in Bed Count
No
Unit Entry Level
1
Heating
Forced Air

Exterior

Lot Size
0.0400 Acres (1,742 Sq.Ft.)

Additional Details

Available Utilities
District Sewer
District Water
Electricity
Gas
See Remarks
Listing Date
02/19/18
New Construction
No
 
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Eagle

The quaint small town of Eagle, home to the county seat, has experienced steady growth over the past decade-plus while managing to maintain its old west charm and build on its easy lifestyle. Founded in 1887 along the Eagle River and located 25 minutes west of Vail at a warmer, lower elevation, the sun almost always shines in Eagle, even when surrounding peaks are blanketed with snow. Paved walkways and bike paths wind their way in and around the historic downtown in this cycle friendly community, which has undergone notable improvements while maintaining original store fronts and architecture from its agricultural and railroad roots. Wide open vistas and mountain peaks dominate your views from nearly every perspective in town. Ample parks and open spaces, an ice rink and pool, playgrounds, special events complex, miles of river frontage and pristine creeks for fly fishing, and the now famous mountain biking and hiking trails that surround town provide endless recreation opportunities. In addition, the town offers a variety of events throughout the year including weekly outdoor summer concerts on Centennial Stage at the Town Park, farmers markets, a fall festival, a holiday parade, summer outdoor sports festival, Eagle Flight Days - the annual summer family fun weekend, and the County Fair and Rodeo. The Eagle Medical Center provides convenient access to all types of care including physical therapy. A variety of retail can be found in Eagle Ranch Village, Downtown, and along the commercial corridor of Chambers Avenue. Properties range from simple historic houses near downtown, condominiums, flats, single family and golf course homes in Eagle Ranch, and large custom homes at Eby Creek, to sprawling ranch estates on the outskirts of town. The Eagle Regional Airport and Jet Center are only minutes west of town. Breathtaking scenery, affordability, convenience, outdoor recreation, and historic charm combine in Eagle.

 

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Listing courtesy of Keller Williams Mountain Properties

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