- 19,060 +/- Sqft
Fortius Capital - Investment Services is pleased to present 700 Chambers Avenue, a fully stabilized 19,060 SF mixed use property located in the rapidly growing town of Eagle, CO. Chambers Avenue is the town's main interstate-retail corridor. I-70 exit 147 (29,500 AADT) is directly nearby, with surrounding businesses including Best Western Plus, GreenTree Extended Stay, Sinclair, Conoco, Shell, Wendy's, Taco Bell and Alpine Bank. Additionally, the only U.S. Postal Service office in Eagle is directly next to the property, providing additional exposure and traffic.Built in 2018, approximately 70% of the property is commercial space, with the remaining 30% being six 2BR apartments averaging 960 SF. The property is platted as seven individual units, with six of those being designed as live-work units.The property is anchored by Eagle Climbing + Fitness, a 9,233 SF first class indoor climbing facility offering top-rope, lead climbing, and bouldering for all skill levels. EC+F also offers yoga classes, a variety of fitness classes and children's camp. It is the only climbing gym in Eagle County and one of few fitness facilities. The remaining tenants at 700 Chambers include Moontime Cyclery Bike Sales & Service, Dewey Dabbles Art Studio, Mountain Youth and Mauka Poke Bar.This is an incredibly rare opportunity to acquire a stabilized mixed-use building without any deferred maintenance in the Eagle River Valley. All commercial tenants are on NNN leases with extension rights, Pro-Forma NOI is $398,203, representing a 6.27% capitalization rate.
Thirty minutes from the slopes of Vail and Beaver Creek, the charming town of Eagle has become a destination all its own. World-class outdoor recreation includes mountain biking, fly-fishing, horseback riding, off-road motorized trails, hunting, camping and hiking. And the real estate mix is some of the valley’s most diverse. Thoughtful developments include a variety of single-family homes, townhouses and condominiums, many of which are just a walk or bike-ride away from restaurants, shops and various community services in downtown Eagle and Eagle Ranch. Originally a ranching community, much of that heritage is still evident as you drive up Brush Creek Road toward Sylvan Lake State Park, where adventurers can explore beautiful hiking trails, paddleboard or fish on the lake, or head into the unknown in the mysterious Fulford Cave. Eagle is the county seat, and its lower elevation equates to a milder, often shorter winter than the towns further upvalley. Eagle’s real estate diversity offers everything from condominiums to sprawling ranch estates. There are beautifully designed single-family homes, simple historic houses near downtown, condominiums, flats, and single-family and golf course homes in Eagle Ranch. Eagle also offers buyers good value for their money, just a short distance from Vail and Beaver Creek. Downtown Eagle has become a convenient, family-friendly community with desirable proximity to Interstate 70 and the Eagle County Regional Airport. Just 30 minutes to Beaver Creek Resort, Eagle offers mountain community living with convenient access to the world-class resorts of Vail and Beaver Creek. Hiking trails are plentiful, where you can ascend to a high-alpine lake or trek through colorful aspen groves in the fall. Mountain biking has taken off in the spring, summer and fall, where bikers can explore Eagle’s 100 miles of singletrack trails featuring landscapes ranging from deep forest to high desert. The town’s events schedule seems to grow each year, where free summer concerts create festive scenes in the park where children play and adults picnic. Other popular events include an outdoor yoga festival, holiday parade, farmers markets, summer outdoor sports festival, Eagle Flight Days and the Eagle County Fair and Rodeo.