Income Today | Land Optionality | Historic Downtown Evergreen

Highlights:

• 2 Parcels totaling .65 Acres currently utilized as Mixed Use/Retail and paid parking: 3 Buildings totaling 7,162 SF, 100% leased
• Constrained Mountain Retail Market: Limited commercial inventory and high barriers to new supply support long-term positioning
• 100% Leased Retail Frontage: Immediate in-place cash flow with limited landlord expenses
• .12-Acre Parcel- Currently Utilized for Surface Parking: In Downtown Evergreen, parking supply is constrained and monetized — ownership of surface parking presents additional revenue or tenant retention leverage
• Control of Highway 74 Frontage: Excellent visibility and steady commuter + tourism traffic
• Limited Future Supply: Topography, zoning, and community planning significantly restrict new commercial inventory
• Seller Financing Available for Qualified Buyers
• Potential Value Creation Pathways: Bring retail rents up to market levels, formalize and enhance surface parking, sell, hold, or develop additional land parcels.

Description:

This rare assemblage offers a unique opportunity to acquire fully leased retail frontage along State Highway 74. The highway-front retail buildings are 100% leased, providing immediate in-place cash flow and offer long-term optionality in a market defined by limited commercial land supply and high barriers to entry.

In Downtown Evergreen, where commercial inventory is tightly held and new development sites are scarce, opportunities to acquire assembled acreage with income in place are exceptionally limited.


27835–27891 State Highway 74 is positioned along Evergreen’s primary commercial artery, serving as the gateway between Interstate 70 and the greater Denver metro area.

Evergreen is one of Colorado’s most desirable foothill communities, characterized by:

• Affluent full-time residents
• Strong second-home ownership
• Year-round tourism
• Limited commercial development sites

Highway 74 carries steady commuter flow from Morrison, Kittredge, Evergreen, Conifer, and surrounding foothill neighborhoods into the Denver metro area, while also capturing visitor traffic drawn to Evergreen Lake, dining, boutique retail, and outdoor recreation.

Commercial inventory within Downtown Evergreen is highly constrained due to terrain, zoning limitations, and community planning policies, creating meaningful barriers to entry for new retail supply. As a result, well-located retail assets along Highway 74 remain tightly held and command strong long-term fundamentals.

The combination of direct highway frontage, assembled acreage, mixed zoning flexibility (C-1 and MR-1), and established retail positioning makes this one of the more strategic land-controlled opportunities within the Evergreen market.

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