280-290 E Broadway Avenue, Jackson, WY 83001

Property Description

Offered for the first time in over 35 years, this fully leased downtown Jackson Hole office investment combines stable in-place income with a premier location and long-term redevelopment potential. The property features approximately 7,272 gross sq ft of office space (6,614 sq ft rentable) within two interconnected two-story buildings. Established tenants have recently renewed on new two-year NNN leases at market rental rates, providing predictable cash flow and a straightforward investment opportunity. A landscaped courtyard, 26 on-site parking spaces and alley access complement the existing improvements. The property occupies two adjacent lots at the prominent corner 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 accessibility and proximity to many of the community's most important amenities. Its location in the heart of Jackson Hole also benefits from year-round economic activity supported by tourism, recreation, healthcare, professional services and a vibrant local economy. Beyond the strength of the existing investment, the property's zoning provides meaningful long-term optionality. Commercial Residential-1 (CR-1) zoning allows a broad range of office, retail, restaurant, service, recreation and multi-family residential uses, with 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 expands future possibilities, increasing the allowable FAR to 0.80 for qualifying lodging uses while also permitting hotel and short-term rental development. For an investor, the opportunity is compelling: acquire a fully leased, income-producing asset in the commercial heart of Jackson Hole today, with the flexibility to hold, reposition or redevelop the property in the future.