516 Main St - Bar FOR SALE


Longmont, CO 80501
$2,000,000 USD
303-444-4888
516 Main St, Longmont, CO for Sale
$2,000,000 USD
Bar - FOR SALE
1/29
null | 6% Cap Rate

516 Main St
Longmont, CO 80501


HIGHLIGHTS

  • Fully leased two-tenant retail property in the heart of Longmont
  • Popular, established Mediterranean restaurant anchors the building
  • New café/game lounge completing its custom build-out
  • Approx. 18 months remaining on one lease with extension options
  • Five-year lease on the second tenant
  • Strong contractual rent escalations

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

2134

APN/PARCEL ID

1315031-22-007

ASK ABOUT THIS PROPERTY

Todd WalshMarket Real EstateMore Info
303-444-4888

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Todd WalshMarket Real EstateMore Info
303-444-4888

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