2060 Main St - Auto Repair FOR SALE


Longmont, CO 80501
$249,000 USD
801-404-5280
2060 Main St, Longmont, CO for Sale
$249,000 USD
Auto Repair - FOR SALE
1/13
null | 5.9% Cap Rate

2060 Main St
Longmont, CO 80501


OVERVIEW

Offered is a 9.25% undivided interest in a property held as Tenants in Common (TIC). The interest generates $14,680 in annual net income. Property was remodeled in 2024. The asset is under an absolute triple net lease through February 2039, with four 5-year renewal options. Rent increases 10% every five years, including at each renewal. 5 drive thru bay doors, 22 total parking spaces (2 handicapped), excellent Main Street visibility This location is grandfathered under current zoning regulations, making it the only auto repair shop permitted on Main Street in Longmont. Property management is provided by Commerce Property Solutions.

FOR SALE DETAILS

PRICE

$249,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tires Plus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

2138

APN/PARCEL ID

1205274-64-001

ASK ABOUT THIS PROPERTY

Mitch ArmstrongCommerce Property SolutionsMore Info
801-404-5280

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Mitch ArmstrongCommerce Property SolutionsMore Info
801-404-5280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.