116 S Lincoln Ave
Mixed Use | 7.75% CAP | 3,583 SqFt
Marketing description
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.
Investment highlights
• Mixed-use asset provides income diversification
• Restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a grease trap
• Recent CapEx includes a new roof (commercial building), parking lot, and drive aisles in 2024
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