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510-520 2nd Ave 10,725 SF 100% Leased Retail Building Longmont, CO 80501 $3,250,000 ($303.03/SF) 5.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Main Street Longmont
- Automotive Use
- Fully NNN Leased
EXECUTIVE SUMMARY
100% NNN leased to long-term auto repair and maintenance tenants
3 Units, each with private bathroom
16-foot ceiling heights
510 2nd Avenue sold with 10 hydraulic lifts, one alignment rack, two compressors and tanks, one exhaust fan and one oil burner
Building signs are viewable from Main Street, Longmont
Across Street from Wibby Brewing & Main Street Station Apartments
Directly adjacent to 45 Space Longmont City parking lot
Perfect downtown Longmont walkable location
3 Units, each with private bathroom
16-foot ceiling heights
510 2nd Avenue sold with 10 hydraulic lifts, one alignment rack, two compressors and tanks, one exhaust fan and one oil burner
Building signs are viewable from Main Street, Longmont
Across Street from Wibby Brewing & Main Street Station Apartments
Directly adjacent to 45 Space Longmont City parking lot
Perfect downtown Longmont walkable location
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,725 SF
Building Class
C
Year Built
1964
Price
$3,250,000
Price Per SF
$303.03
Cap Rate
5.54%
NOI
$180,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
CBD, Longmont - Amazing location for auto repair in Longmont. Right next do the downtown with easy access in all directions. Fully leased to auto related businesses
Parking
15 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Manuel's Auto Repair
- -
- 970 SF
- -
- Triple Net
- -
- Putnam Auto Spa
- -
- 2,300 SF
- -
- Triple Net
- -
- Steve's Automotive
- Services
- 7,157 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Manuel's Auto Repair | - | 970 SF | - | Triple Net | - | |
| Putnam Auto Spa | - | 2,300 SF | - | Triple Net | - | |
| Steve's Automotive | Services | 7,157 SF | - | Triple Net | - |
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1315034-19-011 | Improvements Assessment | $277,344 |
| Land Assessment | $108,027 | Total Assessment | $385,371 |
PROPERTY TAXES
Parcel Number
1315034-19-011
Land Assessment
$108,027
Improvements Assessment
$277,344
Total Assessment
$385,371
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