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34219969
34219951

280 East Broadway Avenue, Jackson, WY 83001 For Sale

KB
WY 12308
Keller Williams Jackson Hole
Listed by Keller Williams Jackson Hole
$6,175,000
15 days on market
Updated 0 days ago

Downtown Jackson Hole Investment & Redevelopment Opportunity

Details
Property Type Office
Square Footage 7,272
Net Rentable (SqFt) 6,614
Units 6
Cap Rate 3.94%
NOI $243,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 2
Lease Expiration 06/30/2028
Remaining Term 2
Rent Bumps Yes
Lease Options No
Price per SqFt $849
Class B
Year Built 1973
Buildings 2
Stories 2
Acreage 0.350
Zoning Mixed Use (CR-1)
Parking Spaces 26 spaces
Parking per 1,000 SqFt 3.58
Investment Type Net Lease
Lease Commencement 07/01/2026

Downtown Jackson Investment & Mixed-Use Redevelopment Opportunity

Marketing description

Offered for the first time in over 35 years, this prominent two-lot corner property occupies the intersection of Jean Street and East Broadway Avenue, one of Jackson's most visible and heavily traveled commercial corridors.

Ideally situated just two blocks from Jackson's iconic Town Square, two blocks from St. John's Health, and six blocks from Snow King Mountain Resort, the property benefits from exceptional walkability and access to many of the community's most important amenities. Located in the heart of Jackson Hole, the site enjoys year-round demand driven by tourism, recreation, healthcare, and a vibrant local economy in one of the nation's most sought-after mountain destinations.

The property is zoned Commercial Residential-1 (CR-1), allowing a broad range of office, retail, restaurant, service, recreation and multi-family residential uses. Development regulations permit building heights of up to three stories and a floor area ratio (FAR) of 0.65. The property's location within the Lodging Overlay further enhances its redevelopment potential, increasing the allowable FAR to 0.80 for qualifying lodging uses while also permitting hotel and short-term rental development.

The existing improvements consist of approximately 7,272 gross sq ft of office space (6,614 sq ft rentable) housed within two interconnected two-story buildings joined by an enclosed vestibule and lobby. A landscaped courtyard, 26 on-site parking spaces and alley access complement the property. Established tenants have recently renewed on new two-year NNN leases at market rental rates, providing stable income and predictable cash flow while future plans are considered.

Whether viewed as a stabilized investment, a strategic land hold, or a significant redevelopment opportunity, this offering represents a rare chance to control a prominent corner in the commercial heart of Jackson Hole.

Investment highlights

Property Highlights

  • Two adjacent town lots (50’ x 150’) totaling 0.35 acres
  • Prominent corner location on East Broadway with alley access
  • CR-1 zoning withing the Lodging Overlay with flexible mixed-use development potential
  • Permitted uses include retail, office, service, recreation, and multi-family residential
  • Hotel and short-term rental development allowed within the Lodging Overlay
  • FAR of 0.65, increasing to 0.80 for lodging uses
  • Up to 3 stories permitted
  • Two connected existing office buildings: 7,272 sq feet gross, 6,614 sq ft rentable
  • 26 on-site parking spaces
  • Stable income from established tenants on 2 year NNN lease at market rents

Listing Contacts

KB
WY 12308
Keller Williams Jackson Hole
Listed by Keller Williams Jackson Hole

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$243,000.00
$20,250.00/mo

Valuation Metrics

0
DSCR
3.94%
Cap Rate
3.94%
ROI

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Additional Information

Name
Katie Brady
License
12308
Brokerage
Keller Williams Jackson Hole
Brokerage Phone
307-699-4137
Title
Real Estate Associate Broker
Brokerage Address
295 West Pearl Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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