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709 3rd Ave

Longmont, CO 80501
  • $895,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 960643
UPDATED: 18 min ago
$895,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Description

OPPORTUNITY ZONE!!! Unique opportunity to purchase the Historic Hamm House in Old Town Longmont. Designated a Historic Landmark in 1980, this substantial two-story brick home was built by Charles H. Wessel in 1906. Later converted into multiple small offices, this building now contains over 2,100 rentable square feet that are occupied by longstanding tenants that include Colorado Wheelchair, Wildflower Acupuncture, and Aspen Counseling Group. Offices range in size from 92 square feet to 499 square feet and there is currently only one vacancy. Includes 7 parking spaces.Tenants pay all operating expenses, including utilities, which are prorated. This investment is being sold with a Seller subsidized 7% capitalization rate for 12 months after Closing to allow for an investor to stabilize leases. An approximately $68,900 credit will be provided at Closing.

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated: 2022-05-22T15:40:42.173.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.findyournocohome.com/homes/126610259
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709 3rd Ave Longmont, CO 80501

  • Price: $895,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 18 min ago
  • MLS #: 960643
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1910
Built
Neighborhood:
Longmont Ot
County:
Boulder
Area:
04 Longmont City Limits
Property Description
OPPORTUNITY ZONE!!! Unique opportunity to purchase the Historic Hamm House in Old Town Longmont. Designated a Historic Landmark in 1980, this substantial two-story brick home was built by Charles H. Wessel in 1906. Later converted into multiple small offices, this building now contains over 2,100 rentable square feet that are occupied by longstanding tenants that include Colorado Wheelchair, Wildflower Acupuncture, and Aspen Counseling Group. Offices range in size from 92 square feet to 499 square feet and there is currently only one vacancy. Includes 7 parking spaces.Tenants pay all operating expenses, including utilities, which are prorated. This investment is being sold with a Seller subsidized 7% capitalization rate for 12 months after Closing to allow for an investor to stabilize leases. An approximately $68,900 credit will be provided at Closing.
Exterior Features

Construction Materials Brick/Brick Veneer Exterior Features Lighting Horse YN No Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 Feet Parking Features Paved Property Attached YN No Road Surface Type Paved Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement Partial Building Area Total 4188 Cooling Window Unit(S) Cooling YN Yes Heating Forced Air Heating YN Yes Living Area Source Assessor

Property Features

Association YN No Business Type Professional/OfficeRetail-DowntownOther Commerical Cap Rate 0 Ditches Active YN No Electric Electric Exclusions All Seller's And Tenant's Personal Property. Gas Natural Gas Gross Income 0 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Longmont Net Operating Income 0 New Construction YN No Operating Expense 0 Property Condition Not NewPreviously Owned Sewer City Sewer Special Listing Conditions Private Owner Tenant Pays All Operating Costs (Used Alone) Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning Mud

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Keith Kanemoto of Re/Max Traditions Commercial: 303-772-3800.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated: 2022-05-22T15:40:42.173.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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