Income Today | Land Optionality | Historic Downtown Evergreen

Highlights

• 1.72-Acre Assembled Offering: Five contiguous parcels along Highway 74 in downtown Evergreen
• 2 Parcels totaling .65 Acres currently utilized as Mixud Use/Retail and Un-paid Parking: 3 Buildings totaling 7,162 SF, 100% leased
• 3 Vacant Parcels totaling 1.07 Acres
• 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
• 77 and .30-Acre Rear Parcels with Standalone Value: C-1 and MR-1 zoning provides flexibility for future development or resale
• .12-Acre Parcel- Currently Utilized for Surface Parking: In Downtown Evergreen, parking supply is constrained and monetized — ownership of surface parking presents additional revenue (subject to approvals) 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 five-parcel assemblage totaling approximately 1.72 acres offers a unique opportunity to acquire fully leased retail frontage along State Highway 74 together with rear parcels that possess independent development and resale potential.

The highway-front retail buildings are 100% leased, providing immediate in-place cash flow, while the rear parcels—zoned C-1 and MR-1—offer long-term optionality in a market defined by limited commercial land supply and high barriers to entry.

The rear land carries standalone value, yet is being offered as part of a unified assemblage, allowing investors to control a meaningful footprint along Evergreen’s primary commercial corridor. Buyers may choose to hold for passive income, reposition rents to market over time, expand improvements, or strategically monetize excess land.

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 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.