600 Main StLongmont, CO 80501

Property Details for 600 Main St

Year built

1967

Construction

BRICK

Lot size

0.28 AC

Property size (Sq ft)

383 SF

Zone code

2131

Property type

Gas stations

APN

1315-03-1-21-008

APU

131503121008

Description

This exceptional 14,900 square foot retail property, located at 600 S Main Street in Longmont, Colorado, presents a unique investment opportunity. Situated on a prominent 2.28-acre corner lot, this property boasts high visibility and accessibility, making it ideal for a variety of commercial uses. The building previously housed a Stevinson Hyundai dealership. Asbury Automotive, the current lessee, holds the lease until March 31, 2025. This provides a guaranteed income stream for a buyer or an opportunity for a future tenant to secure a prime location. The City of Longmont's flexible zoning allows for a wide range of compatible commercial uses, providing significant flexibility for future development or adaptation. The property's size and location make it an attractive option for automotive-related businesses, but its versatility extends to other commercial ventures. With its strategic location and substantial square footage, this property offers a compelling investment prospect with strong potential for long-term growth and profitability. The asking price is $4,250,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $103,700

  6.5%

  $95,722.80

  7%

  $88,885.40

• Comparable approach

  Method

  Valuation

  Relative Method

  $104,594

  Geo Method

  $32,909.20

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $185,554

  Mixed-Use / Specialty

  $95,831.90

  Hospitality / Lodging

  $70,895.20

  Office

  $95,731.70

  Institutional / Educational

  $99,787.50

  Residential Income

  $116,751

  Multifamily

  $137,528

  Automotive / Energy

  $85,532.10

  Parking / Income-Based Land

  $29,071.10

  Restaurant / Food Service

  $50,804.10

  Healthcare / Senior Housing

  $97,811.90

Location Insight

City

Longmont

County

Boulder

State

Colorado

Latitude

40.1693

Longitude

-105.102

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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