3728 Cleveland AveWellington, CO 80549

Property Details for 3728 Cleveland Ave

Year built

1919

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

1,775 SF

Property type

Turn key restaurants

APN

89331-42-007

APU

8933142007

Description

This exceptional 1,824 sq ft Class A retail property, located at 3728 Cleveland Ave in Wellington, Colorado, is a historic building originally serving as the First National Bank. Built in 1919 and renovated in 2017, it currently operates as a 100% occupied restaurant, including all fixtures, furniture, and equipment (FF&E). The sale includes a 5,000 sq ft lot with on-site rear parking and potential for expansion. The property boasts east and west patios, adding to its charm and functionality. Zoned C-2 Downtown Commercial, this single-story building presents a unique opportunity for owner-users or investors seeking a prime location on Wellington's main street. The property's rich history, combined with its modern updates and versatile zoning, makes it an attractive investment. The asking price is $875,000. The APN is 8933142007.

• CAP approach

  CAP return

  Valuation

  6%

  $623,415

  6.5%

  $575,460

  7%

  $534,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,174,556

  Geo Method

  $369,559

• Alternative Use

  Use

  Valuation

  Residential

  $485,422

  Hospitality

  $444,644

  Educational

  $369,938

  Medical

  $382,661

  Retail

  $575,460

Location Insight

City

Wellington

County

Larimer

State

Colorado

Latitude

40.7042

Longitude

-105.006

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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