Mixed-Use Property in Downtown
116 S Lincoln Ave Loveland, CO 80537
For Sale
$640,000
Fully leased mixed-use property near downtown Loveland development.
Property Size1,917 SF
Lot Size0.23 Acres
Price / SF$333.85
Days on Market140
Property Features for 116 S Lincoln Ave
General Information
Standard status
Active
Size
1,917 SF
Lot size
0.23 Acres
Property subtype
Investment
Building Details
Year Built
1950
Listing Agency:
Colorado Commercial, Ltd
(970) 988-3872
Listed By:
David D'Ambrosio
(970) 988-3872
Source:
Elliman
Added: Mar 12
Changed: Jul 10
Last Checked: Jul 28 at 8:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colorado Commercial, Ltd
Investment Insights
Based on property information with market context.
The property at 116 S Lincoln Avenue is a fully leased, 4-unit mixed-use property. It includes a 1,917 square foot restaurant building and a three-unit multi-family dwelling, situated on a 0.23 acre lot. The location is near the southeast corner of East 1st Street and South Lincoln Avenue in Downtown Loveland, Colorado. The property is in close proximity to new development in Downtown Loveland, including The Foundry Plaza, a mixed-use development spanning three blocks. The Foundry Plaza consists of apartments, restaurants, a salon, a hotel, a dine-in movie theater, and a central plaza for community entertainment. The flexible DT - Downtown zoning offers a myriad of potential uses including retail, office, residential, and general commercial. The restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a small grease trap. Recent capital improvements include a new roof, and a new parking lot and drive aisles.
Key Highlights
- Fully leased, 4‑unit mixed‑use property providing immediate income.
- Prime Downtown Loveland location near The Foundry Plaza development.
- Flexible DT - Downtown zoning allows for a variety of uses (retail, office, residential, commercial).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $14.79 |
| − Vacancy | −$822 | −$0.43 |
| EGI | $27.5k | $14.36 |
| − OpEx | −$6.9k | −$3.59 |
| NOI | $20.6k | $10.77 |
1,917 SF · lease $14.79/SF/yr · vacancy 2.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$295.0K
$258.1K – $344.1K
NOI $20,648 @ 7.0% cap · market cap 3.23%
Second Best
Mixed Use
$216.8K
$189.7K – $253.0K
NOI $15,178 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$514.6K
$450.2K – $600.3K
NOI $36,019 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use property near downtown Loveland development.
Where is this mixed-use property located?
The property is located at 116 S Lincoln Ave Loveland, CO.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Fully leased, 4‑unit mixed‑use property providing immediate income.; Prime Downtown Loveland location near The Foundry Plaza development.; Flexible DT - Downtown zoning allows for a variety of uses (retail, office, residential, commercial).
