Loveland, CO 80537 116 Peridot Ave

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Presented By: The Station Real Estate; 9702197096
  • MLS# 992711
  • 07/21/2023
  • Request Tour
  • Request Info

Home Details

13.9% CAP RATE- OWNER HAS CITY STAMPED ENG. PLANS TO ADD 150 SQFT- 116 Peridot Avenue offers a prime location and business opportunity in Loveland, Colorado! This standalone drive-through building offers 330 square feet of retail space for sale. Previously operated as "Maui Wowi", a Hawaiian-style coffee and smoothie shop, this property hosts a premium location on the bustling cross streets of Denver and 1st. Conveniently positioned next to the new Larimer County Vehicle Licensing building and New Vision Charter School, 116 Peridot benefits from exceptional visibility and high traffic counts throughout the year. The property comes fully equipped with all essential kitchen appliances, making it an excellent choice for aspiring entrepreneurs looking to continue the legacy of a coffee shop franchise or explore the potential of a frozen/baked goods drive-through. Constructed in 2019 as a commercial restaurant, 116 Peridot is modern and well-suited for various culinary or other drive-through ventures. The location's convenience is further amplified by its proximity, within a radius of 3.0 miles, to numerous businesses and key locations catering to your target demographic. These include the downtown Loveland, Winona Outdoor Public Pool, Chilson Recreation Center, Denver Avenue Commercial Park housing over 15 local businesses, Foundations Church, Mountain View High School, Loveland Sports Park, McKee Medical Center, Skyline Endoscopy Center, Orthopedic Center of the Rockies, and many others. Whether you're an aspiring coffee shop owner seeking a turnkey operation or an investor looking to capitalize on a highly sought-after location, 116 Peridot Avenue offers an ideal setting for your venture. Don't miss the chance to secure this prime property for year-round sales and thriving activity in the Loveland Community! SELLER IS WILLING TO OWNER CARRY FOR A SHORT TERM.
Presented By: The Station Real Estate; 9702197096

Interior Features for 116 Peridot Ave

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
FlooringConcrete
Heating Y/NYes
Interior AmenitiesKitchenette, Floor: Drains

General for 116 Peridot Ave

AccessibilityLevel Lot, Level Drive, No Stairs
Attached Garage No
Business TypeRetail, Class A
Cap Rate13.85
CityLoveland
Construction MaterialsWood/Frame
CoolingCentral Air
CountyLarimer
ElectricElectric, Electricity at Property, City ofLoveland
Energy EfficientSouthern Exposure, HVAC
Garage Y/NNo
Gas Y/NMaster Meter-Gas, NA
Gross Income217358
HOANo
HeatingForced Air, Wall Furnace
Land Lease Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet10442
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Net Operating Income69957
New ConstructionNo
Operating Expense147401
Possible UseCommercial, Commercial or Industrial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeSale: Commercial/Industrial
Property TypeCommercial Sale
RoofMetal
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive/First Right
Subdivision NameAnderson Farm 13th
Tax Annual Amount3747
Tax Year2022
Tenant PaysElectricity, Water, Sewer, Taxes, Interior Maintenance, Common Area Maintenance, Exterior Maintenance, Structural Maintenance, Association Fees, Trash Collection, HVAC Maintenance, Janitorial-Common, Janitorial-
UtilitiesElectricity Available
ViewCity
Year Built2019
ZoningIndustrial

Exterior for 116 Peridot Ave

Building Area Total330
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Covenants, Level, Within City Limits
Lot Size Acres0.24
Lot Size Area10442
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Loveland
Waterfront Y/NNo

Additional Details

Price History

Jon Holsten

Price $505,000
MLS#992711
List Date 07/21/2023
Property Type Commercial
Phone 970.237.2752
Request Tour
Request Info
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