280-290 E Broadway Avenue

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.