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420 21st Ave

Longmont, CO 80501
  • $1,250,000
  • STATUS: Active Under Contract
  • ON SITE: 149 Days
  • MLS #: 997065
Under Contract
UPDATED: 68 min ago
$1,250,000
  • 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. 3 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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© 2024 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 Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-02-24T17:42:34.263.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.discovercoloradohomes.net/homes/143776008
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420 21st Ave Longmont, CO 80501

  • Price: $1,250,000
  • Status: Active Under Contract
  • On Site: 149 Days
  • Updated: 68 min ago
  • MLS #: 997065
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. 3 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 LotLevel Parking Features Paved Parking Per Building Sq Ft 1:250 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 Source Assessor

Property Features

Association YN No Business Type Incorporated AreaProfessional/OfficeOffice CondominiumExecutive Suites Cap Rate 3.14 Ditches Active YN No Electric ElectricCity Gas Natural GasXcel Gross Income 73404.37 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status Backup Listing Terms CashConventional Locale Longmont Net Operating Income 39248.48 New Construction YN No Operating Expense 34155.89 Possible Use Commercial or Industrial Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(s)LandLeases Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 27980 Tax Year 2022 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of Longmont Zoning MU-C

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Christopher Martinez of RE/MAX Alliance-Longmont: 3036513939.



© 2024 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 Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-02-24T17:42:34.263.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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