Current Use by Public Records
- Retail properties & Spaces
Property Details for 116 Peridot Ave
- Year built
- 2019
- Property type
- Retail properties & Spaces
Description
This exceptional 330 sq ft drive-thru coffee shop in Loveland, CO, presents a lucrative investment opportunity. Located at 116 Peridot Ave, this Class A, single-tenant property boasts a 12.96% cap rate and a pro-forma cap rate of 16.21%. Built in 2019 and fully renovated the same year, the property sits on a 10,442 sq ft lot and enjoys 100% occupancy. The current NOI is $69,833, with a pro-forma NOI of $87,353. Its prime location near the Larimer County Vehicle Licensing building and New Vision Charter School ensures high visibility and consistent traffic. The property is fully equipped with essential kitchen appliances, making it ideal for a variety of food and beverage businesses. The asking price is $539,000 ($1,633.33/sq ft), with a land value of $65.70/sq ft. Its proximity to downtown Loveland, schools, medical facilities, and numerous other businesses further enhances its appeal. Approved zoning permits allow for flexibility in future uses. This turnkey operation offers a strong return on investment and significant growth potential in a thriving community. Don't miss this chance to acquire a highly desirable commercial property in a prime Loveland location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loveland
- County
- Larimer
- State
- Colorado
- Longitude
- -105.047
- Latitude
- 40.3936
