Leased Two-Tenant Retail
516 Main St Longmont, CO 80501
For Sale
Contact for pricing
Fully leased two-tenant retail building with a Mediterranean restaurant and a newly built café/game lounge.
Property Size5,757 SF
Price / SF$347.40
Days on Market17
Property Features for 516 Main St
General Information
Standard status
Active
Size
5,757 SF
Property subtype
RETAIL
Listing Agency:
Market Real Estate
(720) 341-5157
Listed By:
Annie Larner · License #100096639
(720) 341-5157
Source:
Moodyscre
Added: Jul 13
Changed: Jul 26
Last Checked: Jul 28 at 4:24PM
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 Market Real Estate
Investment Insights
Based on property information with market context.
516 Main Street presents a fully leased, two-tenant retail investment property in Downtown Longmont. The building is anchored by an established Mediterranean restaurant, and a second tenant space has been recently completed as a new café/game lounge with a custom build-out.
The property includes an approximately 18-month remaining lease term on one lease with extension options, along with a five-year lease on the second tenant. Contractual rent escalations are in place, and the ownership has invested more than $515,000 in recent capital improvements, with minimal near-term capital expenditure expected.
Located on Main Street in the heart of Downtown Longmont, the property benefits from a walkable setting surrounded by restaurants, retail, breweries, offices, and community events.
The property includes an approximately 18-month remaining lease term on one lease with extension options, along with a five-year lease on the second tenant. Contractual rent escalations are in place, and the ownership has invested more than $515,000 in recent capital improvements, with minimal near-term capital expenditure expected.
Located on Main Street in the heart of Downtown Longmont, the property benefits from a walkable setting surrounded by restaurants, retail, breweries, offices, and community events.
Key Highlights
- Fully leased two‑tenant retail property in Downtown Longmont
- Mediterranean restaurant tenant anchors the building
- New café/game lounge with custom build‑out completed
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 | $103.6k | $18.00 |
| − Vacancy | −$10.7k | −$1.85 |
| EGI | $93.0k | $16.15 |
| − OpEx | −$23.2k | −$4.04 |
| NOI | $69.7k | $12.11 |
5,757 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$995.9K
$871.4K – $1.16M
NOI $69,714 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$929.5K
$813.3K – $1.08M
NOI $65,067 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office B
$1.05M
$918.1K – $1.22M
NOI $73,445 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully leased two-tenant retail building with a Mediterranean restaurant and a newly built café/game lounge.
Where is this conventional restaurant located?
The property is located at 516 Main St Longmont, CO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully leased two‑tenant retail property in Downtown Longmont; Mediterranean restaurant tenant anchors the building; New café/game lounge with custom build‑out completed
