521 Main St

    Longmont, CO 80501
    • $750,000
    • STATUS: Active Under Contract
    • ON SITE: 79 days
    • ID#: 892362
    Under Contract
    UPDATED: 78 min ago
    $750,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Here is an excellent opportunity to own a high-visibility retail building on the busiest block on Main St in downtown Longmont, near popular restaurants, shops, gov't offices and entertainment centers. The 3,125 square foot building is occupied by a long-time downtown optical clinic and accessory store. The current lease runs through 2023 and delivers a 6.7% Cap Rate as listed. The property is in the Opportunity Zone and within the boundaries of the Longmont Downtown Development Authority.

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    © 2019 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Preferred Realty. Data last updated: 2019-11-14T21:38:54.717.
    www.themargolisteam.com/homes/98315141

    521 Main St Longmont, CO 80501

    • Price: $750,000
    • Status: Active Under Contract
    • Updated: 78 min ago
    • ID#: 892362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1910
    Built
    Neighborhood:
    Longmont Ot
    County:
    Boulder
    Area:
    04 Longmont City Limits
    Property Description
    Here is an excellent opportunity to own a high-visibility retail building on the busiest block on Main St in downtown Longmont, near popular restaurants, shops, gov't offices and entertainment centers. The 3,125 square foot building is occupied by a long-time downtown optical clinic and accessory store. The current lease runs through 2023 and delivers a 6.7% Cap Rate as listed. The property is in the Opportunity Zone and within the boundaries of the Longmont Downtown Development Authority.
    Exterior Features

    Construction Brick/Brick Veneer Waterfront No

    Interior Features

    Basement Foundation No Basement Cooling Refrigeration/Hvac Heating Baseboard Heat

    Property Features

    Capitalization Rate 6.67 Commercial Industrial Type Retail-Downtown Energy Star Certified No Gross Operating Income 50000.0000 Has Green Features Addendum No Has Solar Photovoltaic No Has Solar Thermal No Hers Rated No Hoa YN No Leed Certified No Listing Sub Status Backup Locale Longmont Nahb Certified No Net Operating Income 50000.0000 New Construction Status Not NewPreviously Owned Ownership Private Owner Tenant Pays All Operating Costs (Used Alone) Total Operating Expense 0.0000 Zoning Mixed Use

    Listing information © 2019 Information and Real Estate Services
    Listing provided courtesy of Kurt Finley of Re/Max Traditions, Inc.



    © 2019 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Preferred Realty. Data last updated: 2019-11-14T21:38:54.717.
     
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