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116 S Lincoln Ave
Loveland, CO 80537
Retail Property For Sale
Investment Highlights
- Mixed-use asset provides income diversification
- Recent CapEx includes a new roof (commercial building), parking lot, and drive aisles in 2024
- Restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a grease trap
Executive Summary
116 S Lincoln Avenue is a fully leased, 4-unit mixed-use property consisting of a 1,917 SF restaurant building and a three-unit multi-family dwelling situated on a 0.23 acre lot located near the southeast corner of E 1st Street and S Lincoln Avenue in Downtown, Loveland, Colorado.
The property sits in close proximity to new and exciting development in Downtown Loveland, including The Foundry Plaza - a mixed-use development spanning three blocks consisting of apartments, restaurants, a salon, hotel, dine-in movie theater, and a central plaza for community entertainment.
The flexible DT – Downtown zoning offers a myriad of potential uses including retail, office, residential, and general commercial. The restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a small grease trap. Recent capital improvements include a new roof, and a new parking lot and drive aisles.
The property sits in close proximity to new and exciting development in Downtown Loveland, including The Foundry Plaza - a mixed-use development spanning three blocks consisting of apartments, restaurants, a salon, hotel, dine-in movie theater, and a central plaza for community entertainment.
The flexible DT – Downtown zoning offers a myriad of potential uses including retail, office, residential, and general commercial. The restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a small grease trap. Recent capital improvements include a new roof, and a new parking lot and drive aisles.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,583 SF
Building Class
C
Year Built
1950
Price
$640,000
Price Per SF
$178.62
Cap Rate
7.75%
NOI
$49,571
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
DT - Downtown
Parking
11 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
40’ on Lincoln
Property Taxes
| Parcel Number | 95242-25-038 | Improvements Assessment | $69,270 |
| Land Assessment | $8,422 | Total Assessment | $77,692 |
Property Taxes
Parcel Number
95242-25-038
Land Assessment
$8,422
Improvements Assessment
$69,270
Total Assessment
$77,692
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