622 Missouri Ave, Longmont, CO 80501-6862
This 1,064 square foot retail building at 622 Missouri Avenue in Longmont, Colorado, presents a compelling investment opportunity. Currently utilized as a storage facility for a local tire shop, the property boasts a highly accessible location just west of the US Highway 287/Missouri Avenue intersection, ensuring excellent visibility and convenient access for customers. The property is currently leased through December 2023, offering immediate income potential for the new owner. According to the City of Longmont Planning & Development Services, the property's zoning allows for a variety of uses beyond its current configuration. Interested parties should contact the City directly to explore alternative permitted uses. This presents an outstanding opportunity for an investor seeking a versatile retail space with strong rental potential. The property may be purchased in conjunction with the adjacent property at 612 Missouri Avenue, which houses a self-service carwash, creating a synergistic investment opportunity. The building's size and location make it an attractive option for a range of auto-related businesses or other suitable commercial ventures. The existing lease provides a stable income stream until the end of 2023, minimizing initial risk for the buyer. Serious inquiries are encouraged to explore this promising investment prospect further.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
2135 · Longmont, COLongmont. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.