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    OFF-MARKET
    Gas stations

    622 Missouri Ave, Longmont, CO 80501-6862

    1,064 SF 0.31 ac lot Built 1974
    Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US13-2787711
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1974
    Construction CONCRETE BLOCKS
    Total area 1,064 SF
    Lot 0.31 ac (13,286 SF)
    Zoning code 2135
    APN 1315-10-3-26-007
    UPID US13-2787711
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • KING HAND CAR WASH-CAR WASH NEAR ME LONGMONT CO- LAVADO DE AUTOS EN LONGMONT CO Car Wash
    • KING PDR HAIL DAMAGE REPAIR Insurance Agency
    • Cortez towing-Servicio de Grua en Longmont CO-Servicio de Gruas en Denver CO-Servicio de Grua en Thornton CO Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mike H Doan · 21 yrs held
    Mike H Doan
    since 2004
    1 recorded transaction
    2004
    $351,000
    Zoning & alternative use
    2135 · Longmont, CO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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