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709 3rd Avenue

Category Office

Address

709 3rd Ave
Longmont, CO 80501
(303) 772-2222

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Details

Email Address: keith@kanemoto.com

Property Type: Office

Vacant SF: 4,188

Sale Price: $895,000

Listing Contact:
KEITH KANEMOTO, SIOR
Broker Associate
Re/Max Commercial

OPPORTUNITY ZONE!!!

Unique opportunity to purchase the Historic Hamm House in Old Town Longmont. Designated a Historic Landmark in 1980, this substantial two-story brick home was built by Charles H. Wessel in 1906. Later converted into multiple small offices, this building now contains over 2,100 rentable square feet that are occupied by longstanding tenants that include Colorado Wheelchair, Wildflower Acupuncture, and Aspen Counseling Group. Offices range in size from 92 square feet to 499 square feet and there is currently only one vacancy. Includes 7 parking spaces. Tenants pay all operating expenses, including utilities, which are prorated. This investment is being sold with a Seller subsidized 7% capitalization rate for 12 months after Closing to allow for an investor to stabilize leases. An approximately $68,900 credit will be provided at Closing.

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