Urban West Group, LLC
Listed by Urban West Group, LLC
$2,495,000
510 - 520 2nd Ave
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 10,725
Net Rentable (SqFt) 12,500
NOI $165,000
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.40
Retail | 10,725 SqFt
Marketing description
For Sale
Investment highlights
- 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
- Op Expenses: $9.00 /SF (2024 Est.)
- Excellent location at the center of Longmont with Main Street (US 287) access.
- An illuminated sign will provide exposure to the high the vehicle counts passing the location each day
- Across Main 2nd Avenue from the new South Main Station development.
- Close proximity to Interstate 25 - great location for any business
- Retailers within ½ mile radius include – Starbucks, Walgreens, FedEx, Natural Grocers, Chipotle, Five Guys, Dicks Sporting Goods, Chase Bank, Chick-fil-A, Panera Bread, Safeway, Mod Market, Lucky’s Grocery, Lowe’s, and many more
- The immediate area surrounding 520 2nd Avenue is dominated by new apartment homes, restaurants, banks, shopping and service-related businesses
Listing Contacts
Urban West Group, LLC
Listed by Urban West Group, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
6.61%
Cap Rate
6.61%
ROI
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Property History
Tax History
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