420 21st Avenue Longmont, CO $ 1,150,000
420 21st Avenue
$ 1,150,000
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420 21st Avenue

Longmont, CO, 80501
$ 1,150,000
Baths0.0 Sq 7,577

Monthly Estimate*

$ 7,643

Listed by RE/MAX ALLIANCE
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Studio

Commercial Property for sale in Longmont, CO

for $1,150,000. This 7,577 square foot building was built in 1982 on a lot size of 0.79.

Opportunity Knocks. Current Owners have not actively raised rents or looked for new tenants. CAP Rate could be doubled. Single Level Office Building, Zoned MU-C right off of 21st. A majority of the 7500sf building is rented. There are currently 13 units in the building ranging from 120sf to 1600sf. 3 of the units are currently unoccupied. Sitting on .79 acres this office space comes with ample parking and offices with 5 exterior entrances for those units. There is 1 common entrance for the other 8 units. Property features 5 bathrooms. 2 of which are communal. Property has been well maintained, inside and out.

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Commercial Contingent

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 27,980

Style

Lot Size

0.79

Year Built

1982

Town/City

Longmont

County/Region

Boulder

MLS | Web ID

5655800

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Available Phone Connected
Roof Membrane
Zoning MU-C
Garage Spaces 0
Construction Materials Brick Frame Stucco
Year Built 1982
Stories 1
Property SubType Industrial
Tax Year 2022
Current Use Commercial
Gross Income 77268
County Boulder
Operating Expense 34156
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Status Pending
Directions From Main and 21st. East on 21st. Building is on North Side
City Longmont
Buyer Agent Compensation 2.8
Lot Size Square Feet 34412.4
Carport Spaces 0
Street Name 21st
Listing Terms Cash Conventional
Tax Annual Amount 27980
Standard Status Active Under Contract
Occupancy Type Tenant (Multiple)
Cap Rate 3.14
Buyer Agent Compensation Type %
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 0.79
Building Area Total 7577
Lot Size Acres 0.79
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type Public
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Interior
Street Suffix Avenue
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Internal Only
Street Number 1 420
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* Excluded Features
List By
Re/Max Alliance

Broker

(720) 232-8947

Phone

Affordability Calculator

$9,975
Per Month
77%
23%
0%
Monthly Principal & Interest
$7,643
Monthly Property Taxes
$2,332
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/18/2024$1,150,000 -8.00% Price Down
9/27/2023$1,250,000 Listed Price

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420 21st Avenue, Longmont, CO, 80501 is a Commercial Property for sale at $1,150,000 with 7,577 sqft and a lot size of 0.79. 420 21st Avenue is a studio with 0.0 baths and was built in 1982. The property's zip code is 80501 which is in Longmont, CO