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1140 CAPITOL ST SUITE 103 Eagle CO 81631

[Locked] • APN R051756

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Details
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Sports/Entertainment (+1)
Building SqFt 21,482
Year Built 2002
Days on Market ******
APN R051756
Latitude 39.6409
Longitude -106.8306

Property History

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Property Type
Property Type
Retail, Multifamily, Mixed Use, Special Purpose
Property Subtype
Storefront, Apartment Building, Sports/Entertainment
Marketing Description

The Capitol Theatre is an approximately 21,500 SF stand-alone, mixed-use building located in the center of Eagle Ranch, a lifestyle community comprised of residences, retail, offices, and restaurants in Eagle, Colorado. Over half of the building is built out as a movie theatre complete with four stadium style theatres, projection room, snack bar, and ticket booth. The Capitol Theatre is one of only three movie theatres in Eagle County. The remainder of the commercial aspects of the building are two commercial condominium units that offer retail frontage along Capitol Street, totaling 2,879 SF. Additionally, there are two cellular tower leases in place with AT&T and Verizon, rated BBB and BBB+ by Standard & Poor’s, respectively, offering investment grade passive income.

There are six lofts located on the second floor of the building, comprised of two 2-bedrooms and four 1-bedroom units totaling approximately 6,243 SF. Due to the ever-present housing shortage in Eagle County, occupancy and rental rates are exceptionally high and comparable to major urban areas.

Surrounding businesses include Social Oak Wine & Restaurant, El Segundo Eagle, Wild Sage, Zealous Schools, Land Title Guarantee, All Kids Dental and many more. There are a total of 446 parking spaces located within walking distance of the Capitol Theatre, providing customers and residents with convenient access to the building.

There are currently two major housing developments under constriction in Eagle: Hockett Gulch and Haymeadow. Upon completion, Hockett Gulch will consist of 500 housing units and Haymeadow will consist of 837 housing units. These projects are both within one mile of the Capitol Theatre and will create significant demand for commercial uses in Eagle Ranch.

Investment Highlights
  • Mixed-use building with significant redevelopment potential

  • Affluent Surrounding Community: $902,202 average Eagle home valueFour stadium-style theatres with a seating capacity of 645 plus 16 wheelchair spaces

  • Four stadium-style theatres with a seating capacity of 645 + 16 wheelchair spaces

  • One of only two movie theatres in all Eagle County

  • Eagle County has a severe housing shortage of ~2,780 units, with 7,970 units needed by 2030, according to a 2018 report

  • Located under 40 min from both Beaver Creek and Vail Ski Resorts

  • Wealthy Community – eagle’s Median Household Income is currently $97,724, growing by 15.35% since 2019

  • Located in the center of Eagle Ranch along Capitol Street and surrounded by ample parking

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
ES
Erich Schmidt PRO
•••.•••.4199
••••midt@••••••••••.com
Brokerage logo
Listing removed on
 BY:
SS
Steven Sendor
•••.•••.7112
•••ndor@•••••••••••.com
Brokerage logo
Listing removed on
 BY:
KD
Kyle Diehl
•••.•••.0928
••iehl@••••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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This rental data is based on the nearest market to this property: Glenwood Springs, CO.
Glenwood Springs, CO median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Glenwood Springs, CO (nearest market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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