Loveland, CO 80537 116 S Lincoln Ave
$850,000
8 more
Presented By: Keller Williams-Preferred Rlty; 9708897688
SQFT • 3,583
Home Details
This 1971 sq ft commercial building is in a prime location near the corner of 287 and 1st St. It was used as a restaurant (Three Amigos Cantina) - which is also available for purchase) and comes 1612 sq ft income generating quadplex on the backside of the property. The restaurant is currently rented out on a 3 year lease generating $2800 p/mo. 3 units currently rented out in the quadplex for $800, $650, $1065 and the 4th unit is being used as storage. There is a new roof as of 2024. The property is Zoned BE.
Presented By: Keller Williams-Preferred Rlty; 9708897688
Interior Features for 116 S Lincoln Ave
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
FlooringCeramic Tile
Heating Y/NYes
Interior AmenitiesFloor: Drains
General for 116 S Lincoln Ave
Attached Garage No
Business TypeUnincorporated Area, Retail
Cap Rate0.25
CityLoveland
Construction MaterialsWood/Frame, Brick/Brick Veneer, Wood Siding, Concrete
CountyLarimer
ElectricElectric
Elementary SchoolWinona
Garage Y/NNo
Gas Y/NNatural Gas
Gross Income7000
HOANo
HeatingForced Air
High SchoolMountain View
High School DistrictThompson R2-J
Land Lease Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet9900
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolBill Reed
Net Operating Income2137
New ConstructionNo
Operating Expense4863
Possible UseCommercial, Commercial or Industrial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Subdivision NameBallard Place
Tax Annual Amount4863
Tax Year2024
Tenant PaysDeposit
UtilitiesNatural Gas Available, Electricity Available
Year Built2012
ZoningBE
Exterior for 116 S Lincoln Ave
Horse Y/NNo
Lot FeaturesCurbs, Sidewalks
Lot Size Acres0.23
Lot Size Area9900
Parking FeaturesPaved
Road Frontage TypeCity Street
Road Surface TypePaved, Concrete
SpaNo
Water SourceCity Water, City of Loveland
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Winona Elementary School
High School
Mountain View High School
Middle School
Bill Reed Middle School
