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385 Main St

Longmont, CO 80501
  • $2,250,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 964950
$2,250,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Description

Unique opportunity to own a multi-tenant commercial building in the heart of busy downtown Longmont, offering excellent visibility to ~25,000 vehicles/day of drive by traffic. This two story building has a diverse mix of tenants including a mortgage company, a Chinese medicine/healing arts business, an insurance agency, a coin & collectible store, and the business offices of a nearby bar & arcade. It is located in an economic opportunity zone and within the Longmont Downtown Development Authority boundaries. It is also walking distance to both city and county office, next door to Tangerine restaurant and across the street from popular Ziggi's Coffee.

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© 2022 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 Taylor Home Partners. Data last updated: 2022-07-04T23:40:29.927.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.taylorhomepartners.com/homes/128497527
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385 Main St Longmont, CO 80501

  • Price: $2,250,000
  • Status: Active
  • On Site: 56 Days
  • MLS #: 964950
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1980
Built
Neighborhood:
Longmont O T
County:
Boulder
Area:
04 Longmont City Limits
Property Description
Unique opportunity to own a multi-tenant commercial building in the heart of busy downtown Longmont, offering excellent visibility to ~25,000 vehicles/day of drive by traffic. This two story building has a diverse mix of tenants including a mortgage company, a Chinese medicine/healing arts business, an insurance agency, a coin & collectible store, and the business offices of a nearby bar & arcade. It is located in an economic opportunity zone and within the Longmont Downtown Development Authority boundaries. It is also walking distance to both city and county office, next door to Tangerine restaurant and across the street from popular Ziggi's Coffee.
Exterior Features

Construction Materials Brick/Brick Veneer Horse YN No Roof Other Waterfront YN No

Interior Features

Basement Full Building Area Total 9289 Cooling Refrigeration/Hvac Cooling YN Yes Heating Forced Air Heating YN Yes Living Area Source Assessor

Property Features

Association YN No Business Type Retail Cap Rate 1.38 Ditches Active YN No Electric ElectricCity Gas Natural GasXcel Gross Income 76056 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Longmont Net Operating Income 31070.21 New Construction YN No Operating Expense 44985.79 Property Condition Not NewPreviously Owned Property Sub Type Commercial Sale Includes Building(S) Special Listing Conditions Private Owner Tax Annual Amount 21698.94 Tax Year 2022 Tenant Pays DepositGasElectricity Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning Mu-D

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of James Ditzel of Summit Commercial Brokers: 303-931-7341.



© 2022 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 Taylor Home Partners. Data last updated: 2022-07-04T23:40:29.927.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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