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604 9th Avenue

Longmont, CO 80501

$699,000

Property Type: Retail

Property Description

Building Size:      5,000 SF

Site Size:            6,284 SF

Zoning:               MU-C (Mixed Use Corridor, Longmont)

Allowed Uses:     Any retail, office, medical office, bar, brewery, restaurant, hotel, bank, assembly

Price:                   $699,000 or $139.80/SF

Property Tax:       $18,389 or $3.68/SF (2019 due in 2020)

2019 NOI:             $19,792—All tenants currently on mo-mo leases.

Cap Rate:              2.8% but all current leases are ~30% below market lease rates and month-month.

Year Built:              1959

Construction:        Steel frame with mason block perimeter walls, slab-on-grade foundation.

Roof:                      New white roof Elastomeric coating in 2020

No. of Suites:           5

Relocation & Development

Incentives:         Located in the North Metro Enterprise Zone allowing tax credits to newly-located & growing businesses.

Located in the Longmont Main Street Corridor Improvement District.

Download Marketing Materials

Contact:  George Moseley 303.741.2500 | 9025 E. Kenyon Ave., Suite 100 | Denver, CO 80237 gmoseley@sg-realty.com

Property Location