116 S Lincoln Avenue, Loveland, CO 80537

$640,000
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Courtesy of Colorado Commercial, Ltd . 9709883872

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List Price
$640,000
Type
Multifamily
Property Sub Type
Quadruplex
Status
ACTIVE
MLS Number
IR1046597
Neighborhood
Ballard Place
Year Built
1950
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(719) 283-9098

Property Description

116 S Lincoln Avenue is a fully leased, 4-unit mixed-use property consisting of a 1,917 SF restaurant building and a three-unit multi-family dwelling situated on a 0.23 acre lot located near the southeast corner of E 1st Street and S Lincoln Avenue in Downtown, Loveland, Colorado. The property sits in close proximity to new and exciting development in Downtown Loveland, including The Foundry Plaza - a mixed-use development spanning three blocks consisting of apartments, restaurants, a salon, hotel, dine-in movie theater, and a central plaza for community entertainment.The flexible DT - Downtown zoning offers a myriad of potential uses including retail, office, residential, and general commercial. The restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a small grease trap. Recent capital improvements include a new roof, and a new parking lot and drive aisles.

(719) 283-9098
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Additional Information

Lot Size Acres
0.23
Lot Size Sq Ft
9,900
Tax Amount
$4,863
Tax Year
2024
Sewer
Public Sewer
Basement Type
None
Heating
Forced Air
School District
Thompson R2-J
Elementary School
Winona
Middle Or Junior School
Other
High School
Mountain View
Parking Total Searchable
11
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