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    420 21st Ave

    Longmont, CO 80501
    • $1,500,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 945402
    UPDATED: 11 min ago
    $1,500,000
    • 0
      BEDS
    • 0.79
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Opportunity Knocks. Current Owners have not actively raised rents or looked for new tenants. CAP Rate could be doubled. Single Level Office Building, Zoned MU-C right off of 21st. A majority of the 7500sf building is rented. There are currently 13 units in the building ranging from 120sf to 1600sf. 4 of the units are currently unoccupied. Sitting on .79 acres this office space comes with ample parking and offices with 5 exterior entrances for those units. There is 1 common entrance for the other 8 units. Property features 5 bathrooms. 2 of which are communal. Property has been well maintained, inside and out.

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    © 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or iHomes Colorado. Data last updated: 2021-08-02T14:38:27.12.
    www.ihomescolorado.com/homes/119133896
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    420 21st Ave Longmont, CO 80501

    • Price: $1,500,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 945402
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.79
    Acres
    1982
    Built
    Neighborhood:
    Eastern Meadows
    County:
    Boulder
    Area:
    04 Longmont City Limits
    Property Description
    Opportunity Knocks. Current Owners have not actively raised rents or looked for new tenants. CAP Rate could be doubled. Single Level Office Building, Zoned MU-C right off of 21st. A majority of the 7500sf building is rented. There are currently 13 units in the building ranging from 120sf to 1600sf. 4 of the units are currently unoccupied. Sitting on .79 acres this office space comes with ample parking and offices with 5 exterior entrances for those units. There is 1 common entrance for the other 8 units. Property features 5 bathrooms. 2 of which are communal. Property has been well maintained, inside and out.
    Exterior Features

    Construction Materials Wood/FrameBrick/Brick VeneerStucco Exterior Features Lighting Horse YN No Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 FeetCorner LotLevelWithin City Limits Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Rubber Spa YN No Waterfront YN No

    Interior Features

    Accessibility Features Level LotNo Stairs Basement None Building Area Total 7577 Building Features Break Room Cooling Refrigeration/HvacMulti Units Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features High Speed InternetKitchenette Living Area 7577 Living Area Source Assessor

    Property Features

    Association YN No Cap Rate 3.7 Electric ElectricCity Of Longmon Gas Natural GasXcel Gross Income 103740.95 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Longmont Net Operating Income 55506.95 New Construction YN No Operating Expense 48234 Possible Use Commercial Or Industrial Property Condition Not NewPreviously Owned Sale Includes Building(S)LandLeasesFixtures/Equipment Senior Community YN No Sewer City Sewer Tax Annual Amount 27044 Tax Year 2020 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Longmont Zoning Mu-C

    Listing information © 2021 Information and Real Estate Services
    Listing provided courtesy of Christopher Martinez of Re/Max Alliance-Longmont.



    © 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or iHomes Colorado. Data last updated: 2021-08-02T14:38:27.12.
     
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