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1601-1609 N Lincoln Ave 12,060 SF 12% Leased Retail Building Loveland, CO 80538 $2,887,416 CAD ($239.42 CAD/SF) 7.92% Cap Rate
Investment Highlights
- Total Building Size: 12,060 SF across three suites
- 5,280 RSF end-cap unit available at $14.00/sf NNN
- Lot Size: 1.05 Acres (3 parcels), with abundant parking on the north and south sides
- Low historic NNN expenses, currently at $6.90/RSF
- 2,904 RSF in-line space also available at $15.00/sf NNN (30 day notice)
- Construction: Stucco and stone storefront with large windows and overhead doors on the north side, ideal for showroom retailers
Executive Summary
LC Real Estate Group is pleased to offer for sale this rare owner-user retail investment opportunity in the heart of Loveland, Colorado. This recently updated well-maintained, 12,060 square foot multi-tenant property spans 1.05 acres across three contiguous parcels and is offered at $2,100,000 ($174/SF). Located along one of Loveland’s highest-traffic corridors, this asset combines stable in-place income with significant long-term upside potential for both investors and owner-users with the availability of 2,904 - 8,184 RSF of retail space fronting Lincoln Avenue and between Cleveland Avenue with combined 24,500 VPD traffic counts.
This property is located in the Enterprise Zone and is eligible for business tax credits and incentives. See link below.
This property is located in the Enterprise Zone and is eligible for business tax credits and incentives. See link below.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,060 SF
Building Class
C
Year Built/Renovated
1945/2020
Price
$2,887,416 CAD
Price Per SF
$239.42 CAD
Cap Rate
7.92%
NOI
$228,683 CAD
Percent Leased
12%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.05 AC
Zoning
B - Developing Business - allows the most allowable commercial and automotive uses
Parking
60 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1601
- 5,280 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1601 | 5,280 SF | Retail | End Cap | Now |
1601
| Size |
| 5,280 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 95123-00-010 | Improvements Assessment | $662,068 CAD |
| Land Assessment | $59,621 CAD | Total Assessment | $721,689 CAD |
Property Taxes
Parcel Number
95123-00-010
Land Assessment
$59,621 CAD
Improvements Assessment
$662,068 CAD
Total Assessment
$721,689 CAD
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1601-1609 N Lincoln Ave
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