1509 Lofts LLC
Listed by 1509 Lofts LLC
$2,890,000
380 Main Street
Details
Property Type Mixed Use, Office
Sub Type Restaurant
Square Footage 17,500
Net Rentable (SqFt) 15,000
Cap Rate 5.19%
NOI $150,000
Occupancy 50%
Price per SqFt $165
Zoning mixed use
Investment Type Sale/Leaseback
Occupancy Date 03/02/2025
Mixed Use | 5.19% CAP | 17,500 SqFt
Marketing description
Fantastic location , best part of downtown Longmont with newly renovated and operating 7500 square foot restaurant , with multiple walking coolers, beer taps, 16 foot hood , pizza oven , business also for sale currently grossing 1 million/ year as pool hall with fully trained staff . Second floor has over 25 offices fully airconditioned and heated with plumbing and kitchen facility . Ideal for conversion into apartments or boutique hotel. Owner is retiring at 73 due to some health issues.
Listing Contacts
1509 Lofts LLC
Listed by 1509 Lofts LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5.19%
Cap Rate
5.19%
ROI
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