Leased Two-Tenant Retail
For Sale
$2,000,000
516 Main St, Longmont, CO 80501
Fully leased two-tenant retail building with a Mediterranean restaurant and a newly built café/game lounge.
Property SizeContact for details
Days on Market49
Property Features for 516 Main St
General Information
Standard status
Active
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$18,808
Building Details
Tenancy
Multi
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Todd Walsh · License #EC100077894
(303) 444-5040
Source:
Exprealty
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 12:30PM
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
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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
