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516 Main St
Longmont, CO 80501
Retail Property For Sale
Investment Highlights
- Fully leased two-tenant retail property in the heart of Longmont
- New café/game lounge completing its custom build-out
- Five-year lease on the second tenant
- Popular, established Mediterranean restaurant anchors the building
- Approx. 18 months remaining on one lease with extension options
- Strong contractual rent escalations
Executive Summary
516 Main Street offers the opportunity to acquire a fully leased, two-tenant investment property in the heart of Downtown Longmont, one of the Front Range's most dynamic and closely watched markets. With a diverse tenant mix, meaningful remaining lease term, strong annual rent growth, and approximately $515,000 in recent capital improvements, this is a true turnkey investment positioned to benefit from the continued momentum of Downtown Longmont.
As Longmont continues its evolution into one of Colorado's most desirable downtown cores—with national recognition, a flourishing restaurant scene, rapid residential growth, and the anticipated arrival of the Sundance Film Festival to neighboring Boulder County—Main Street has become a destination rather than simply a corridor. Investors increasingly view Longmont as offering many of the qualities that originally drew people to Boulder, but with greater room for growth and value appreciation.
As Longmont continues its evolution into one of Colorado's most desirable downtown cores—with national recognition, a flourishing restaurant scene, rapid residential growth, and the anticipated arrival of the Sundance Film Festival to neighboring Boulder County—Main Street has become a destination rather than simply a corridor. Investors increasingly view Longmont as offering many of the qualities that originally drew people to Boulder, but with greater room for growth and value appreciation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,757 SF
Building Class
C
Year Built
1933
Price
$2,814,000 CAD
Price Per SF
$488.80 CAD
Cap Rate
6%
NOI
$168,840 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
2134 - MU-D Mixed-Use Downtown
Property Taxes
| Parcel Numbers | Improvements Assessment | $163,662 CAD | |
| Land Assessment | $71,813 CAD | Total Assessment | $235,476 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$71,813 CAD
Improvements Assessment
$163,662 CAD
Total Assessment
$235,476 CAD
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