1380 Tulip StLongmont, CO 80501

  • Specialty properties
  • 19,436 SF
For Sale
$3,300,000 View listing

Property Details for 1380 Tulip St

Year built
1979
Construction
BRICK
Lot size
1.72 AC
Property size (Sq ft)
19,436 SF
Zone code
9178
Property type
Specialty properties
Property subtype
Other specialty properties
APN
1205-33-2-20-002
APU
120533220002

Description

This exceptional 19,436 square foot medical office building, situated on a 1.72-acre lot in vibrant downtown Longmont, Colorado, presents a unique investment opportunity. Built in 1979, the single-story structure currently houses a thriving physical therapy clinic operated by CommonSpirit, along with a Women's Imaging Center occupying 2,920 square feet. The property's Mixed-Use Neighborhood (MU-N) zoning allows for a diverse range of development possibilities, including residential, office, and retail uses, or a combination thereof. This presents significant potential for expansion, redevelopment, or continued operation as a medical facility. The entire city block location offers excellent visibility and accessibility. Enjoy stunning mountain views to the west, and the convenience of being just a 30-minute drive from Downtown Boulder. This property represents a rare chance to acquire a substantial asset in a rapidly growing area with considerable upside potential. The building's current occupancy provides a stable income stream while offering flexibility for future development plans. The expansive lot size and prime location make this an ideal investment for both seasoned and emerging real estate investors seeking a high-return opportunity in a desirable Colorado market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,315,299
    Hospitality
    $4,868,786
    Educational
    $4,050,772
    Medical
    $4,190,084
    Retail
    $6,301,201
1380 Tulip St, Longmont, Colorado

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.1827
Longitude
-105.123
CBSA code
14500
CBSA name
BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$245,185
$1,066,422
$1,311,607
-
$878,800
$3,822,300
$4,701,100

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