5420 N Taft Ave

Description

LC Real Estate Group is please to present the opportunity to purchase 5420 N. Taft Ave., a 55833 SF church with auxiliary building on 16.2 acres with PUD zoning in Loveland, CO. Convenient access along N. Taft Ave. that easily serves both Loveland & S. Fort Collins. West 57th St. is one major intersection from US Hwy 287 (N. Garfield Ave./S. College Ave.). Built in 2005, the church features a 44,493 SF primary building (Capacity 3,012) with auditorium (16,048 SF, +/- 1,069 Capacity), a large atrium with 24' ceiling, full service kitchen, multiple large meeting/worship rooms, six (6) child care/classrooms serving infant through kindergarten (+/- 10-16 Capacity/Room), two fully fenced playgrounds, three (3) activity/worship areas/playrooms, and eleven (11) administrative offices, conference room and more. The 10,890 SF auxiliary building features a reception, worship area and stage, large meeting/recreation room, large recreation room with kitchen, and large office or class room area, and office. The 16.2 acres features 605 parking spaces and 26 handicap space plus an additional acre plus of surplus land for outdoor gatherings and activities or building or parking lot expansion. Excellent value priced well below replacement cost at which is estimated to range between $240 to $275/SF or $10.8 to $16.1 million for the primary building and $130 to $160/SF or $1.4 to $1.7 million for the auxiliary building or $12.2 million to $17.8 million in today's dollars.