614 Kimbark StLongmont, CO 80501

Property Details for 614 Kimbark St

Year built

1969

Construction

BRICK

Lot size

0.14 AC

Property size (Sq ft)

3,920 SF

Zone code

2120

Property type

Office buildings

APN

1315-03-1-20-008

APU

131503120008

Description

This exceptional 2,900 square foot, two-story executive office building in downtown Longmont, Colorado, presents a unique investment opportunity. Currently configured as a recording studio, this versatile Class B property boasts a mixed-use downtown zoning designation, allowing for a variety of uses. The building features reinforced insulation and soundproofing, beautiful moody lighting, a kitchenette, and a lift for accessibility, ensuring a comfortable and functional workspace. Additional amenities include a private parking lot and a charming outdoor seating area shaded by mature trees. Located within the Longmont Downtown Development Authority (LLDA) boundary, this property benefits from the area's revitalization efforts. The building's adaptable design, coupled with its prime location and desirable features, makes it an ideal choice for a wide range of businesses. The spacious interior offers ample room for customization, allowing future tenants to create a space perfectly suited to their needs. A virtual tour is available for a detailed preview of this remarkable property. The asking price is $945,000. The property is currently vacant. ADA compliance should be verified by the tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,460

  6.5%

  $979,812

  7%

  $909,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,029,340

  Geo Method

  $323,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,899,140

  Retail / Commercial

  $979,721

  Mixed-Use / Specialty

  $980,838

  Hospitality / Lodging

  $725,611

  Institutional / Educational

  $1,021,320

  Residential Income

  $1,194,950

  Multifamily

  $1,407,600

  Automotive / Energy

  $875,420

  Parking / Income-Based Land

  $297,543

  Restaurant / Food Service

  $519,979

  Healthcare / Senior Housing

  $1,001,100

Location Insight

City

Longmont

County

Boulder

State

Colorado

Latitude

40.1697

Longitude

-105.101

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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