464 Main Street

Address

464 Main St
Longmont, CO 80501
(970) 692-4454

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Details

Email Address: rstrom@thegroupinc.com

Property Type: Retail/Residential

Vacant SF: 9,054 total

Sale Price: $1,800,000

Listing Contact:
Rhett Strom
Commercial Broker | Partner
The Group

Well-Established Income Property For Sale
Downtown Longmont at 464 Main Street

• 3 luxury apartments on the second floor
• 1 thriving retail tenant on the first floor and basement
• NOI per year = $119,396.28
• Full gut and remodel in 2017

Investment Overview

• Price: Negotiable
• Square Footage: 9,054 evenly distributed on 3 levels
• Zoning: Mixed-Use Downtown
• Full gut and remodel completed in 2017
• Entire building sprinklered
• LED lights
• New roof being installed in Spring of 2024
• Taxes: $ 18,459.42
• Owners’ Association: None
• How utilities work:
  • Electricity: 4 meters for 4 units
  • Gas: 1 meter for the retail; 1 meter for the 3 apartments
  • Water: 1 meter for entire building and prorated among 4 tenants
  • Trash: Retail pays trash and landlord reimburses

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